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Innocentive

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Innocentive

  1. 1. Study Case<br />
  2. 2. WhatisInnoCentive ?<br />InnoCentiveis an &quot;open innovation&quot; company that takes research and development problems in a broad range of domains such as engineering, computer science, math, chemistry, life sciences, physical sciences and business, frames them as &quot;challenge problems&quot;, and opens them up for anyone to solve them. It gives cash awards for the best solutions to solvers who meet the challenge criteria<br />
  3. 3. How doesitworks ?<br />5<br />6<br />1<br />4<br />3<br />2<br />
  4. 4. Partnerships<br /> Their main partnership is the Rockfeller Foundation (www.rockfound.org) which their role is to find solution to new problem of this 21st century.<br />
  5. 5. Revenues<br />Revenues come from:<br />Suscription fees of companies<br />Partnerships<br />Commision on rewards<br />Consultancy services for companies<br />
  6. 6. Whatdoesitsolve ?<br />InnoCentive solves problems even for Suppliers / Solvers: They are able to earn a lot of money if they are creative enough; they have a large freedom of action because they can work only on what they are interesting in it and when they want to do it. Furthermore, they have a true feeling of being useful to the mankind by bringing new ideas for nonprofit organization than tries to get the 21st century world better.<br />
  7. 7. Competitors<br />Fellowforce.comis also a competitor of InnoCentive. It was founded &quot;To Connect Organizations and Talent, through Open Source, for limitless ideas, innovation & solutions&quot;. Fellowforce.com aims to open up organizations for outside-in participation from experts, consumers, and other interested parties to generate powerful new options through this collaboration<br />Philoptimais one of the direct competitors of InnoCentive. Ithelps foundations, donors, and other grant makers clearly describe a community challenge and create a cash prize to spur innovative ideas to help solve the problem...<br />
  8. 8. Expand revenu Source<br />If I were running this business I would try to develop it in different languages in order to let more people access to this precious innovation which is online R&D for everyone by everyone. I would also implement more adds to allow more seekers and solvers to join the private circle of “mankind helpers”. Ads can be a group on facebook or other social networks. Then I would try to create more partnerships with nonprofit organization and even real companies. Those partnerships could bring more money to help solvers for very important new innovations. <br />

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