Innovation capability in creating new offering and new business models by distributed communities is becoming more important. Competitive advantage can be achieved by knowledge communities. Increasing share of the innovation process is taking place outside the company. This is due to increasing complexity of products and services containing multiple technologies that are not developed inside the company. Also shortened product life cycle and time to market force companies to focus on their key technologies and looking for partners to cover the supporting technologies. This interdependency organizes companies to the networks where innovation capability success is emerging property of the network. This chapter is focusing on interoperability and providing a concept in order to speed up common innovation of the products and services in open semantic infrastructure. This includes identification of solution boundaries and innovation partners. Operative challenge is how to decompose the requirements across the boundaries of different companies in different branches and in different role in the value and innovation network. There is also challenge on how to manage evolving technologies to satisfy customers’ existing and future expectations.