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Estela Vilches joined us at TheNTWKTalks to talk about Open Innovation. Estela shared her journey and lessons learned while accelerating energy transition and decarbonization at Cepsa. Here are a few takeaways: ➜ Open innovation helps to be proactive, accelerate innovation, create new revenue streams and find opportunities for disruption. ➜ It is important to have a portfolio of initiatives. ➜ Collaborating with other corporations can bring valuable lessons and new opportunities. ➜ Estela´s advice to companies interested in open innovation includes hiring talent from outside the organization and being quick in communicating with startups. You can re-watch the talk and read more takeaways on our community platform - http://community.the-ntwk.com

On the last #TheNTWKTalks, we met Riikka Olli who highlighted that prioritizing traceability and digital product passports is crucial for driving consumer behavior towards more sustainable choices and enabling a circular economy. 04:39 🔍The challenge of traceability in circular business involves tracking individual products throughout their lifecycle and maintaining a relationship with customers post-sales. 11:08 The EU is implementing a digital product passport for traceability and transparency in the supply chain, with debate over its purpose and the need for consumer motivation to contribute to data gathering and product journey unless their experience is extremely simplified, fluid, and incentive-driven. 18:50 There are a lot of different initiatives developing around the DPP idea. For example, sustainable brand Bangaya collaborates with resale partner Archive and digital product passport to create a great example of traceability in circular business. Find out more by joining TheNTWK Community - http://community.the-ntwk.com