Recently we received the news that our paper “Open innovation practices and their effect on innovation performance” published by the International Journal of Innovation and Technology Management has received the Best Paper Award 2012 by the journal. To the best of our knowledge this paper is the first to develop a complete indicator framework for examining open innovation practices and their impact on innovativeness and commercial innovation performance. The analysis yields a number of results which are relevant for innovation management and policy. Visit IJITM’s site here. Implications for innovation policy are discussed more thoroughly here.