In a unique implementation of our own methodology, we recently posted a Challenge in conjunction with one of our Seeker clients to use open innovation to improve the utility of open innovation. While we have sponsored Challenges on our own website in the past, this is the first time that we have turned the lens of our Solver community onto some of the key issues that we face in our daily business. The Challenge asks Solvers to:
1. Quantitatively establish the benefits of open innovation, and
2. Provide key business decision-makers with better tools to track and implement open innovation within their business.
In addition to offering an award of $30,000 for a solution to this Challenge, both InnoCentive and our Seeker client would welcome collaborative work with winning Solver(s) to further refine and potentially implement their solution. For those interested in more information on this Challenge, the overview of the Challenge can be viewed here.