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(Open) Innovation embodies a collaborative and open knowledge method that generates, refines, and applies inventive ideas, solutions, and processes. Its essence lies in shared value creation through collaborative efforts and the exchange of resources among diverse stakeholders. By transcending conventional limits and emphasising shared ownership and mutual advantages, open innovation drives the evolution of participatory business models, capacity-building, financial sustainability, and the overall growth and durability of cultural heritage institutions and associated domains. By Platoniq