[email_address] Innovation from within <ul><li>An internal web-based community, customized by InnoCentive for your organization. </li></ul><ul><li>InnoCentive@Work bridges the silos in disparate R&D organizations — something software models can’t do. </li></ul>
Crowd Sourcing <ul><li>“ The act of taking a job traditionally performed by a designated agent (usually an employee) and outsourcing it to an undefined, generally large group of people in the form of an open call.” [Jeff Howe – Wired magazine writer] </li></ul><ul><li>InnoCentive's goal follows one of the basic models of crowd sourcing: collective intelligence. </li></ul><ul><li>62% of all marketing managers have used crowd sourcing. </li></ul>
How InnoCentive Works Seeker: The Oil Spill Recovery Institute Cordova, Alaska Problem: freezing oil storage tanks in Alaska Post problem on InnoCentive with a $20 thousand reward Chemist John Davis in Bloomington, Illinois uses his knowledge of concrete to find solution Thousands of potential solvers review and attempt to solve The Oil Spill Recovery Institute awards John Davis $20 thousand and implements vibrating storage tanks to keep oil liquid in freezing temperatures.
Location is no longer an issue! InnoCentive creates a virtual network connecting people, as well as companies all over the world. LOGISTICS
InnoCentive providing Incentives: <ul><li>Companies don’t have to hire a full research team, or invest in long term investments. </li></ul><ul><li>One lump-sum payment is given to the innovator, no need to provide benefits and other perks. </li></ul><ul><li>One can actually run a virtual company with a staff of 5-8 people in a small office space or just from home, by outsourcing and research & development. </li></ul>virtual company a quick fix solution huge cost saving
Stay Competitive & Get on Board! In 2005, InnoCentive was spun off from Eli Lilly, enabling the company to expand its offerings. The InnoCentive Marketplace now serves 60 disciplines and sub-disciplines. InnoCentive Corporate Seekers are among the world’s most innovative and creative commercial enterprises, including :
Considering InnoCentive as a part of your business plan? <ul><li>Crowd Sourcing is clearly the </li></ul><ul><li>future of research and development. </li></ul><ul><li>Don’t miss your chance to get ahead </li></ul><ul><li>… . this is the future! </li></ul>