Although InnoCentive has a history of solving problems in the healthcare and pharmaceutical industries, as shown by Seekers such as AstraZeneca, Cleveland Clinic or GlaxoSmithKline to name a few, our methodology is highly adaptable and we are by no means restricted to this sector, as highlighted in the recent piece on the diverse uses of crowdsourcing competitions. Engineering in particular is a discipline where InnoCentive has run a number of intriguing Challenges through our innovation platform, whether that be civil, mechanical or electrical and here we highlight a few examples.
As comes spring, so comes a successful conclusion to another year of Lion’s Den Challenge – the flagship start-up competition for staff and students at King’s College London, which has been run in partnership with InnoCentive over the past five years. Following a six-month programme of workshops, networking events and mentorship opportunities to help students validate and develop their business ideas, winners were announced at the awards ceremony in March, which was held in the grand setting of the House of Lords in London, UK.
Challenges are a way for companies and individuals to submit their ideas regarding solutions to issues that organizations are working to solve. Some of the country’s most innovative organizations use crowdsource innovation challenges to connect with the world’s most talented thinkers who then compete to provide solutions in return for a monetary prize and the networking opportunities that being announced as a winner creates. This, in turn, helps Lumina in our work. We have only 9 years to reach Goal 2025; the aim of increasing the proportion of Americans with high-quality degrees, certificates and other credentials to 60% by 2025.