(Balázs Scheidler, co-founder and CTO, BalaBit)
As a long term member of the Open Source community, I believe that the Open Source development model creates a great context for innovation to happen. In the open source world, collaboration and sharing are key principles. These principles put the problem to be solved in focus and tear down
organizational boundaries. An Open Source project is a space where the best engineers from multiple competing organizations work as a team on solving a common goal. This space and the direct connection to users boosts engineer motivation, creating trust and a virtuous circle that results in fast iterations: creating layers upon layers of work yielding a great product at a pace that is unrealistic in a proprietary software development setting. We can also see that the same values and principles start happening outside of the software realm: Wikipedia, Creative Commons and the Maker community confirms the approach works in other fields, which shows that it can be adapted to further situations to improve efficiency and innovation.