GERARD NAKAD<br />
InnoCentive is an open innovation company that takes research and development problems in a broad range of domains such as...
This new concept of relationship between companies & individuals is known as “open innovation” which is:<br />Opa paradigm...
<ul><li>Minimize the innovation risk
Less risk guessing what the markets wants.
Offense the market to declare what it wants
Innovation can come from all sides
Some of the best ideas are outside of your organization.
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Innocentive

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  • Creating and capturing value ahead of the competition Reduce the risk of innovationLess risk guessing what the market wantsLet the market / community tell you what they wantIntegrated community innovationInnovation can come from anywhere and anyoneSome of the best ideas are outside of your organizationLower your R&amp;D and operating costsSupplement your R&amp;DTap into the virtual R&amp;D communityShared IP can create a formidable barrier to entry
  • Innocentive

    1. 1. GERARD NAKAD<br />
    2. 2. InnoCentive is an open innovation company that takes research and development problems in a broad range of domains such as engineering computer science, business and frames them as "challenge problems" for anyone to solve them. It gives cash awards for the best solutions to solvers who meet the challenge criteria<br />Moreover, it’s a market place structured by a web company which enables companies searching for R&D solutions to reach an extensive number of unknown professionals worldwide which may help to find effective answers to questions.<br />Innocentive, a fusion of the words innovation and incentive take place for people to bring out to the world their innovative solutions for what initially seemed to be impossible to be solved through traditional methods of R&D.<br />
    3. 3. This new concept of relationship between companies & individuals is known as “open innovation” which is:<br />Opa paradigm that assumes that firms can and should use external ideas as well as internal ideas, and internal and external paths to market, as the firms look to advance their technology”. The boundaries between a firm and its environment have become more permeable; innovations can easily transfer inward and outward. The central idea behind open innovation is that in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research , but should instead buy or license processes or inventions from other companies. In addition, internal inventions not being used in a firm's business should be taken outside the company<br />OPEN<br />INNOVATION<br />
    4. 4.
    5. 5. <ul><li>Minimize the innovation risk
    6. 6. Less risk guessing what the markets wants.
    7. 7. Offense the market to declare what it wants
    8. 8. Innovation can come from all sides
    9. 9. Some of the best ideas are outside of your organization.
    10. 10. Low R & D and cost
    11. 11. Get involved into the R & D world</li></li></ul><li>We can open innoncentice innovations through social media websites like:<br /><ul><li>HI5 : Receive messages and comments from innoncentove.
    12. 12. Facebook: innocentive open innovation network is on facebook. Sign up for facebook to connect with innocentive open innovation network.
    13. 13. Myspace: Same as facebook but myspace comes in the 1st place</li></li></ul><li>Additional social media innocentive should use are:<br /><ul><li>askjeeves
    14. 14. Ebay
    15. 15. Amazon
    16. 16. Skype
    17. 17. You tube
    18. 18. Slideshare
    19. 19. Last.fm
    20. 20. Digg
    21. 21. Meebo
    22. 22. Twitter
    23. 23. Flicker
    24. 24. Blip
    25. 25. Viddler
    26. 26. Rss</li></li></ul><li>
    27. 27. CONCLUSION<br />To propose a more sustainable view of the R&D concept, I will propose to invest a part of the price in “the global research”focusing on the “elitist club” aspect developing human sharing trough international video meeting, seminary and games. <br />To give the choice to “solvers” proposing them to wonder if they want to stay anonymous or if they ask for sales campaign. <br />In addition, communicating with transparency on the confidentiality aspect and law protection. <br />It is very difficult to protect an idea that’s why details’ contract must be clear. <br />At the moment there are only activities which can be solved by one individual which are treated. <br />Therefore to expand revenue an organizational platform not only an individual one: solver will also be a company. <br />

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