InnoCentive Innovation Blog

Venture capital is one of the smart weapons of modern enterprise. It allows companies to invest inside and outside their traditional sphere of influence, gaining access to ideas, technologies and markets for the future. A new $1 billion investment fund will help three automakers hedge and position themselves for the increasingly automated, connected and data-focused future, driving innovation, and managing disruption.

Agile has taken over and transformed the software industry — you would be hard pressed in 2017 to find development teams who have not implemented at least some of the concepts. Agile principles have even been successfully adopted outside the development world; Agile methods help National Public Radio put together new programming, Saab to produce new fighter planes... even corporate behemoth General Electric has gotten on board.

Open innovation is a growing phenomenon. Recent studies show that, for large European and US companies: 78 per cent report practicing open innovation; none report having abandoned the approach; and 82 per cent of practicing companies have increased their focus on open innovation. But what is stopping all companies from taking up the benefits of open innovation? The new ‘paradigm’ of open innovation means changes right across the organization. Here, we look at the arguably the most important of these – company culture – and how to address cultural barriers to open innovation.

There is an abundance of options available to organizations when it comes to crowdsourcing - that is, putting tasks or questions out to a large group for their input.

In the quarter-century since the first website was published, the internet has changed our lives. Amazon puts access to over 500 million products before us, Spotify lets us stream over 30 million songs and Facebook allows us to connect with over 2 billion people around the world. We know that the web has transformed the way we shop, consume media and socialize. But how much has the power of the online network changed education? In this article, we explore the impact of crowdsourcing on different modes of learning.