The document discusses open innovation and its applicability in the Nordic marine sector. It summarizes that open innovation is an important tool for the fragmented seafood industry as it allows for risk reduction, reduced costs, increased speed and success of innovation. However, most innovation in the sector focuses on product development, while greater value is found in innovations to processes, finance and distribution. The presentation argues that moving towards more open innovation practices that combine ideas from inside and outside companies could help create successful innovations and increased value across the seafood industry.