In recent times, the focus of innovation is increasingly moving beyond the centralized R&D programs of large firms to more of a collaborative innovation. This is true even in the Information Communication Technology (ICT) industries. With this approach in mind, the technical strategy has to be laid down to design appropriate architectural models that act as key foundations of building large software systems without compromising on access rights, privacy, confidentiality, ethics, policies, IP, etc. A platform that can enable researchers to share their views, ideas, thoughts or products in seamless manner is the need of the hour. Chapter 17 examines the ways and means of creating a standard model which focuses on well proven software design practices to leverage full potential of open innovation platform; while focusing upon the evolution of IP trends and without compromising on access rights, privacy, confidentiality, ethics, policies, IP, etc.