Crowdsourcing Gone Wrong

Crowdsourcing Gone Wrong

By • on January 10, 2017

The Harvard Business Review website posted an article which noted that “For those who believe in the promise of open innovation, the 2009 startup Quirky was an exceptionally exciting company. Yet, in September 2015, Quirky went bankrupt. As proponents of open innovation, we have examined Quirky’s initial failure in great detail (the company

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Solve Launches New Challenges to Address Global Issues

Solve Launches New Challenges to Address Global Issues

By • on January 4, 2017

The MIT Sports website reported that Solve, an initiative of the Massachusetts Institute of Technology (MIT), has launched three new challenges on an open innovation platform. Aimed at developing and implementing solutions to major global issues, the current Solve challenges seek innovative solutions

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Need a Breakthrough? Offer Prize Money!

Need a Breakthrough? Offer Prize Money!

By • on December 29, 2016

The Wall Street Journal website noted that, stumped for solutions to hundreds of industrial and technical problems, businesses and governments alike are turning the search for innovative ideas into prize-worthy puzzles that capitalize on the ingenuity of the crowd. These incentive competitions are part

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Agropur launches Inno Challenge

Agropur launches Inno Challenge

By • on December 14, 2016

The Newscoop website reported that a major player in the Canadian dairy industry, Agropur Co-operative, has launched the Inno Challenge, an initiative to create new dairy products. With this project, Agropur is looking at creating new products through open innovation. Agropur’s project is themed “Together,

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AES Launches Open Innovation Contest

AES Launches Open Innovation Contest

By • on November 29, 2016

Businesswire reported that the AES Corporation announced an open innovation contest targeted at improving the safety and increasing availability of power plants through unmanned inspections in extreme heat. AES in partnership with NineSigma is looking for innovative unmanned technologies to conduct inspection

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A Global Start-up Network

A Global Start-up Network

By • on November 20, 2016

The Medical Plastics News website reported that a networking space, designed as a venue for collaboration between start-ups, industrial companies and partners from the global innovation ecosystem Cube has been opened in Berlin. The space offers selected start-ups the chance to work with companies on

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Canada to Reinvent Dairy Products Thru Open Innovation

Canada to Reinvent Dairy Products Thru Open Innovation

By • on November 18, 2016

The Wisconsinagconnection website reported that Agropur Cooperative, in partnership with the Quartier de l’innovation de Montreal, AgBioCentre and NineSigma, have announced the launch of Inno Challenge, an initiative to create new dairy products through open innovation. This is a Canadian first

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Nokia Open Innovation Challenge 2016 Winners

Nokia Open Innovation Challenge 2016 Winners

By • on November 9, 2016

The Yahoo Finance website announced that start-ups with innovative products focusing on the connected home, digital health and big data have taken the top three spots in Nokia’s 2016 Open Innovation Challenge, beating a tough field of over 400 entries in a competition which looks for the next big

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The Open Innovation Renaissance

The Open Innovation Renaissance

By • on October 3, 2016

The Manufacturer website noted that prize competitions have long been used to solve problems. But despite their usage in the 1800s and  1900s, prize competitions languished throughout much of the 20th century. However, a communications and information-driven renaissance is driving a resurgence in open

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Companies Waking Up To Business Model Innovation

Companies Waking Up To Business Model Innovation

By • on September 8, 2016

The Strategyzer website posted an article which noted that 16 years since the release of the Business Model Canvas, companies are slowly waking up the importance of business model innovation. Business Model Canvas author Alex Osterwalder reflects on the journey and offers concrete advice for what companies

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