InnoCentive Innovation Blog
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Innovation insights, best practices and case studies from the global leaders in Challenge Driven Innovation
InnoCentive Innovation Blog
3y ago
On January 1, 2020 the world was much different than it is today…we are now learning daily/hourly just how different it really is. There are lessons we must now, and are, quickly learning. While governments and healthcare professionals are fighting against the Coronavirus, there is hope that burns in our hearts, and there are amazing ..read more
InnoCentive Innovation Blog
3y ago
Global partnership delivers a unique proposition for any organization seeking to solve business challenges and drive innovation Waltham, MA - 11 February 2020 – Open innovation firm InnoCentive has announced a major new partnership with UK idea management scaleup Wazoku, which will create the world’s most comprehensive and powerful innovation platform and community. Wazoku’s Idea Spotlight innovation ..read more
InnoCentive Innovation Blog
3y ago
The Bureau of Reclamation partnered with the U.S. Geological Survey for a prize competition seeking innovative ideas to significantly reduce the cost of continuous streamflow monitoring compared to current methods while also increasing the availability of streamflow data. Accurate and reliable records from continuous streamflow monitoring stations are vital to water resources planning, design, management ..read more
InnoCentive Innovation Blog
3y ago
As industry disruption has spread from a few niche markets to entire sectors that were once considered all but bulletproof (i.e. retail), companies have increasingly been confronted with a stark choice: innovate or become irrelevant, disrupt or be disrupted. One strategy company's have increasingly used to innovate, improve products and services, accelerate the innovation process ..read more
InnoCentive Innovation Blog
3y ago
The U.S. federal government has over 430 departments, agencies, and sub-agencies that oversee and fund some of the most important aspects of society in the country (I.e. Defense, Homeland Security, Intelligence, Infrastructure, Energy, Health, Agriculture, Science and the Environment). Investments made by government in these agencies and their missions create and fund discovery of new ..read more
InnoCentive Innovation Blog
3y ago
It’s been established through research that larger budgets don’t necessarily lead to more R&D success. It’s a quality over quantity equation. When departments or business units are given unlimited budgets and money expenditures are not managed, careless spending can occur, which leads to less innovation not better innovation. When budgets are put in place and measured ..read more
InnoCentive Innovation Blog
3y ago
Open Innovation has taken on many definitions and descriptors over the last nearly 20-years. To define what Open Innovation is, it’s important to define what it is not. It is not simply asking people to give random ideas without context or boundaries for acceptable/needed answers. That approach is better known as “mob-sourcing.†Open Innovation is also NOT the beginning ..read more
InnoCentive Innovation Blog
3y ago
There has a been a lot of talk across the globe about the looming climate change crisis we are facing. United Nations Intergovernmental Panel on Climate Change (IPCC) has weighed in on the issues, warning that new urgency is required in order to combat the effects that climate change is having on the planet. An ..read more
InnoCentive Innovation Blog
3y ago
According to the United Nations’ website, about 13 percent of the global population still lacks access to modern electricity, and there are still three billion people worldwide who lack access to clean-cooking solutions. Energy is central to nearly every major challenge and opportunity the world faces today — be it for jobs, security, climate action, food ..read more
InnoCentive Innovation Blog
3y ago
Most businesses understand the concept of open innovation, but devising a strategy to crowdsource new ideas is easier said than done. To this day, many businesses are still using closed innovation when coming up with new ideas, but open innovation has so much more to offer. With crowdsourcing, you open the creative process to many more ..read more