GE will continue to embrace open innovation with its launch of FirstBuild, a microfactory and community space, on Wednesday.
"This is global co-creation paired with a microfactory on site," said GE Appliances’ Chip Blankenship.
"We will innovate and bring products to market faster than ever before."
The idea reportedly came about during GE’s crowdsourced jet engine bracket competition last year, won by a 21-year-old Indonesian PhD candidate from a field of over 700 entries.
“This new model will enable us to be more creative in the design and delivery of the products and do so with lower risk and cost while drastically reducing the time from mind to market,” Kevin Nolan, GE Appliances’ vice president of technology said in a statement.
The Courier-Journal reports that the site will open on the university’s Belknap campus this northern summer.
“The University of Louisville is excited to be expanding our collaboration with GE,” said the inversity's president James Ramsey.
“Together, we’re finding new ways to grow technologies and our economy while giving our students real-world engineering experiences.”