A Kickstarter Approach to Science

By • on September 6, 2015

The Macleans website reported that over the past 15 years, Massachusetts-based InnoCentive—one of a cohort of companies in the business of open innovation has attracted 350,000 solvers from nearly every country on the planet. These bright minds have submitted roughly 40,000 answers to more than 2,000 challenges in engineering, math, chemistry, life sciences, business and beyond, and won upward of $40 million. Seekers—the companies posting the problems—enlist platforms such as InnoCentive to tap an otherwise unreachable pool of experts and to take the financial risk out of research and development. Solvers, meanwhile, tackle these problems for the cash, the intellectual interest and the thrill of it.

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