Innovation can help a forward-looking company to rise up very quickly, furthermore, innovative products and services bring a company to a stage where it can win new segments of customers and be ahead of the competition. For their innovation process, the companies can distinguish between open and closed innovation. In this case, we will focus on open innovation and how companies share their innovation processes for the benefit of the company. They use information and innovation systems to define their innovation process, as well as, track innovative ideas and the phase of their development. There are always pros and cons when it comes to open innovation processes in an organization. We will try to look at certain examples in the business world to illustrate how good or bad an open innovation process can be for a company. In this Bachelor thesis, we will try to point out the essential criteria for an open innovation process and illustrate companies which have used open innovation processes. In some cases it went successfully and for some companies it went unsuccessfully.