The principle of open innovation applies in technology by encouraging organizations to pursue external ideas and technologies alongside their own internal research. This approach suggests that companies can benefit from collaboration with external partners, such as startups, academic institutions, or even customers, to drive innovation and accelerate product development. By sharing knowledge and resources, businesses can reduce costs, increase creativity, and enhance competitiveness. Open innovation not only facilitates a broader approach to solving complex problems but also enables faster market entry for innovative solutions.