This is the first part in a three-part blog series on using prize competitions, also called prize challenges. In this Part 1 we share the power and benefits of prize competitions. In Part 2 we will help you understand what makes a successful prize competition. And in...
In recent articles we’ve looked at equity crowdfunding from the perspective of entrepreneurs and the benefits they can take advantage of in addition to generating an investment budget, and also through the eyes of retail investors who are not high net worth...
Crowdsourcing is a great way for an organization to generate external input, particularly when it faces a new challenge. Benfits include tapping in to specific areas of interest or expertise that don’t exist within your own organization; getting input from...
This year Crowdsourcing Week launched the annual BOLD Awards to shine a spotlight on BOLD and breakthrough projects in crowdsourcing, open innovation and related-technology sectors. The winners in 12 categories plus three special awards were announced at the inaugural...
Equity crowdfunding means that ordinary people can gain a stake in venture-capital-like opportunities, even if they are not high net worth individuals
Crowdsourcing and open innovation are starting to be recognised within primary industry as effective ways to validate concepts at low risk, solve complex challenges, find new innovative suppliers and automate work. As a consequence, new industrial leaders are emerging...
The first ever annual BOLD Awards gala dinner ceremony to announce the 12 category winners will take place April 5 on the campus of H-FARM just outside Venice, Italy. H-FARM is an innovation platform which supports and accelerates the creation of new startup...
Equity crowdfunding, in which backers invest in private businesses for a share of the equity, provides other valuable benefits on top of raising money.
It’s easy to forget that the Internet was once all open. Rather, the Internet has been in a continuous cycle of highly-structured portals and free-flowing information. The initial platforms, like BBS boards , gave way to walled gardens like America OnLine . AOL’s...
Real estate crowdfunding is on the rise thanks to recent technological and legal developments, and it’s redefining the way commercial real estate (CRE) assets are bought, managed, and sold today. Also known as ‘online real estate’, it allows individual...
Tech headlines today herald the potential impact of blockchain technology on industries such as crowdsourcing, transportation, and inter-company collaboration (supply chains). We’re inundated today with projects targeting these markets and many people think it’s quite...
I wish I had come up with that line, but I must give credit to Joe Polish . It neatly sums up the times we’re living in, where the pace and scale of change are disrupting many established business models and social norms, and admittedly causing some damage to what...
Open innovation is a term coined by Henry Chesbrough in his 2003 book, “ Open Innovation: The new imperative for creating and profiting from technology ”. Open innovation assumes that valuable ideas can come from inside or out of the company and can go to the market...
We’re getting increasingly used to witnessing the commercial disruption taking place due to mass digital connectivity giving rise to new business models. In many instances it’s where existing players in a market place come under threat from newcomers who have torn up...
Just two decades ago, the worldwide web was an uncharted universe. It was so unmapped, companies became billion-dollar brands based on organizing it. Netscape, one of the world’s first widely adopted browsers, turned company co-founder Marc Andreessen into the new...
From unknown, to renowned, to unknown again, blockchain technology’s past year has been tumultuous. Optimism abounded at the beginning of 2018. A technological revolution was happening. However, the outcome of that revolution was much more sobering. Today, in the...
Cryptocurrencies are massively disrupting the financial sector. This time last year we witnessed something amazing for the first time in history: people became aware of cryptocurrencies at large and started actively buying them, resulting in massive price jumps in...
For centuries, science has been the pursuit of amateur, self-funded and self-motivated scientists: Sir Isaac Newton, Benjamin Franklin, Charles Darwin and Thomas Edison – to name just a few. However, in the first half of the 20th century, science became dominated by...
Managing change within an organization is never easy since a company is essentially formed by people, and people are not usually easy to change because of cultural factors (the culture of the country, the industry, the company itself, and so on). The ennomotive...
Follow the news today and you’re likely to read something about how crowdsourcing is aiding advances in the robotics industry. This week alone we’ve seen stories concerning robots entering the healthcare industry, further advances in self-driving car technology, and...