InnoCentive
InnoCentive
Blog Post
  • In these fast-changing times, the established models of innovation are being challenged. Rather than innovation from within – what’s been called an ‘invent-it-ourselves model’[1] – organizations who want to stay ahead are now looking to adopt different approaches. This article looks at how one such model – open innovation – can contribute to competitive advantage by following three vit...

InnoCentive
InnoCentive
Blog Post
  • The open revolution shows no signs of slowing as more open ways of doing things continue to replace old approaches. A lot has happened since our last look in Open: The Rising Prefix. Here are some highlights from over the past year.

InnoCentive
InnoCentive
Blog Post
  • In my previous post I highlighted a report from The European Academic Network for Open Innovation into the skills shortage many organizations face when trying to innovate successfully. One potential solution to this challenge is to build a dedicated department whose primary remit is to innovate. You can then do everything necessary to ensure that the personnel within that department ha...

InnoCentive
InnoCentive
Blog Post
  • Innovation in the financial sector has arguably lagged. Over time, hierarchical structures, regulatory pressure and “the way we’ve always done things” have propped up archaic practices which overlook customer experience in favour of stability and security.

InnoCentive
InnoCentive
Blog Post
  • The model of production most established companies will be familiar with involves a series of basic steps. Beginning with market research – to identify gaps and test ideas – new products and services then move through phases that include research and development, creation and manufacture, and launch. The drivers are external and each element of the process is protected. However, this m...

InnoCentive
InnoCentive
Blog Post
  • As an evolving, fashionable and relatively new field, Open Innovation is naturally packed with jargon and disputed definitions. There are different terms with the same meaning, the same terms with different meanings and terms being used entirely incorrectly. In this post I try to bring some clarity, referencing reliable academic and business literature where possible.

InnoCentive
InnoCentive
Blog Post
  • Whilst challenge prizes have existed for hundreds of years, the concept of open innovation came to widespread attention through the work of Henry Chesborough. His 2003 classic Open Innovation: The new imperative for creating and profiting from technology highlighted the considerable potential of a more open approach to innovation, and alongside James Surowiecki’s Wisdom of Crowds, whic...

InnoCentive
InnoCentive
YouTube Video
  • Last month we had the Final Live Event of the 2013 Rail Customer Experience Competition, held at 15hatfields - the leading sustainable venue in London, UK. This £1m prize-bearing competition sought innovations to transform the customer experience on GB railways. There were three challenges for this, each tailored towards a different customer group -- regular (commuters), discretionary (non-commute...

InnoCentive
InnoCentive
YouTube Video
  • The City of Boston partnered with InnoCentive on a Challenge to predict pothole locations using data collected from a smartphone application called Street Bump. The solution is expected to help the City respond to potholes more quickly than ever before, resulting in improved service to citizens, reduced environmental impact of city repair crews scouting for potholes, and greater engagement from c...

InnoCentive
InnoCentive
YouTube Video
InnoCentive
InnoCentive
Blog Post
  • With the launch of the second Challenge on the bauma Open Innovation (OI) platform, we wanted to take the opportunity to highlight this exciting collaboration!  bauma is the leading trade fair for the construction and construction machinery industry and the world's largest trade show. The bauma Open Innovation initiative aims to extend the bauma experience for their exhibitors and atte...

InnoCentive
InnoCentive
Blog Post
  •  Last week the Deloitte Centre for Health Solutions released its report on ‘Pharma and the connected patient: How digital technology is enabling patient centricity’. The report explores the “transformation of healthcare from a provider-driven marketplace to a patient-centric health ecosystem”. It looks at the drivers, the challenges involved and the role of digital technologies in a su...

InnoCentive
InnoCentive
Blog Post
  • The Green Chemistry & Commerce Council (GC3), in collaboration with consumer product formulators and preservative manufacturers/suppliers, recently launched their Challenge to find new, safe, and effective preservatives, preservative boosters, or multi-functionals for use in personal care and household products. There are concerns about the impact of some preservatives on human health,...

InnoCentive
InnoCentive
Blog Post
  • NHS England, along with its partners in the Healthy New Towns Programme, have just launched the Healthy New Towns Design Challenge. This Challenge is seeking ideas for new housing developments that foster health, well-being, and independence for residents. These ideas for services, products, and facilities designs, whether new ideas or proven methods from different contexts, should be ...

InnoCentive
InnoCentive
Blog Post
  • Lumina Foundation recently launched their LIFTed Prize 2017 – Innovation in Postsecondary Learning. They are seeking organizations with an innovation that has a positive impact on postsecondary attainment in the U.S. This Prize is part of Lumina’s Goal 2025 – increasing the proportion of Americans with high-quality degrees, certificates, and other credentials to 60% by year 2025.

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