Open Innovation

Crowdsourcing business or other organization solutions from external problem solution providers, often through prize challenge platforms

Being BOLD in Open Innovation

Being BOLD in Open Innovation

The past decade has raised the bar in open innovation, particularly the last year. As celebrated at the Crowdsourcing Week 2018 global conference, we’ve recently maximized the power of the group and pushed scientific and technical ideas to their potential. Or have we?...

Open Innovation Success Through HeroX Challenges

Open Innovation Success Through HeroX Challenges

More and more organizations, including some of the largest corporations, are increasingly moving their problem solution processes and product or service development ideation from an internal to an external environment. Through creating challenges with cash and other...

How HeroX Helps Solve Humanity’s Problems

How HeroX Helps Solve Humanity’s Problems

All too often, the biggest challenges require the most radical solutions and innovations. Yet most companies don’t recruit on the basis of candidates being radical, they tend to prefer reliability and consistency. Add in the adoption of an institutional mindset among...

Crowdsourcing Fueling Open Innovation

Crowdsourcing Fueling Open Innovation

There is a natural tension between intellectual property and intellectual growth. Companies value their ideas and processes, as it differentiates them from other businesses, but they have to let go of some of their secrecy and power to truly bloom. The pendulum has...

Build Crowdsourcing Business Models To Last

Build Crowdsourcing Business Models To Last

Increasingly visible crowdsourcing platforms like Threadless scale quickly by harnessing the innovation power of crowds and capitalizing on networking effects. However, failure cases such as Quirky, show that sustaining ventures built upon crowdsourcing is a daunting...

Crowdfunding in Sweden

Crowdfunding in Sweden

Crowdfunding in Sweden continues to grow and make headlines, from startups using donations-for-rewards crowdfunding as a sales channel for innovative products to quickly achieve high turnover, to the electric vehicle manufacturer Uniti raising €1.2m through its own...