InnoCentive

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A short introduction to InnoCentive

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InnoCentive

  1. 1. InnoCentive
  2. 2. Two New Concepts for InnoCentiveCrowdsourcing Open Innovation
  3. 3. CrowdsourcingCrowdsourcing Obtaining needed services, ideas, or content by soliciting contributions from a large group of people, and especially from an online community, rather than from traditional employees or suppliers. The 1st crowd- Amazon sourcing project Crowd-funding Mechanical Turk
  4. 4. ••• • • Mechanical Turk • Wikipedia, Yahoo! Answers
  5. 5. Open Innovation Open InnovationInnovating with partners by sharingrisk and sharing reward.Innovation Product Customernetworks platforming immersion
  6. 6. ••
  7. 7. History2001 Funded by Eli Lilly and Company as a spin-off from its “application of internet to business” project2005 Funded by Spencer Trask.2006 Added non-profit segment by Rockefeller Foundation. Partnered with Prize4Life to launch the $1 million ALS Biomarker Prize.2011 Awarded the $1 million prize, and launched four more Grand Challenges on behalf of Life Technologies.
  8. 8. History Outsourcing Science Fiction 2001 2005 2006 $1M ALS the R&D of for future medicines to healthcare Biomarker Prize universities Other technologies Non-profit Light Up Africa Oil Spill Recovery
  9. 9. InnoCentive Services
  10. 10. Biz Model Global R&D network Open Innovation Marketplace Solution of Solvers Seekers InnoCentive Core: electronic marketplace
  11. 11. Project To Seekers: Two-sided:Seekers coordination - A large solver pool membership - Seekers with - Better budget difficult R&D Website control problems maintenance - Solvers whoSolvers want to stay To Solvers: - Can focus on focused Connections topics they feel and interested in Own website reputation Human Fee from seekers

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