In comparison, Inside-out Open Innovation looks for possibilities to share already available in-house knowledge with the external environment in a way which will derive value for the firm. This includes not only out-licensing and transfers of rights, but also promoting spin-offs, turning to open-source etc. The benefits from participating in similar initiatives are not strictly financial. Inside-out innovation can boost the growth of whole markets, which will profit every market shareholder in the relevant field. For instance, in 2005, IBM released around 500 of its valuable patents to the open-source community in order to enhance better interoperability and advance open standards in the IT sector which was highly beneficial for technological innovation and the growth of the whole industry.