Innocentive Case
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Innocentive is a crowdsourcing platform that allows organizations called "seekers" to post problems online for a community of solvers to solve. Solvers then submit solutions to the posted challenges. If a solver submits the best solution as determined by the seeker, they receive a financial award. Innocentive generates revenue by charging seekers fees to post challenges. It competes with other idea exchange and freelance marketplaces. Its business model leverages the connectivity of the internet to bring together seekers and solvers in an online community to solve problems in a way that would not be possible offline.
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InnoCentive is a global crowdsourcing platform that connects organizations seeking solutions to research and development problems with solvers from around the world. It uses a collective intelligence model to promote open innovation. Over 62% of marketing managers have used crowdsourcing. InnoCentive also offers InnoCentive@Work, which allows companies to create internal crowdsourcing communities to break down silos between disparate R&D groups. The document provides an example of how InnoCentive helped an oil organization in Alaska solve the problem of freezing oil storage tanks by connecting them to a chemist in Illinois through their platform.
Innocentive
InnoCentive is an "open innovation" company that takes research and development problems from various domains and posts them as challenge problems online for anyone to solve. It provides cash awards for the best solutions. InnoCentive works with partners like the Rockefeller Foundation to find solutions to problems of the 21st century. It generates revenue from subscription fees, partnerships, commissions on rewards, and consultancy services. Competitors include Fellowforce.com and Philoptima, which also connect organizations with talent through open innovation challenges with cash prizes.
Innocentive Presentation
Innocentive is an open marketplace that connects companies seeking solutions to problems ("seekers") with solvers from around the world. Through its global network, seekers post challenges and solvers submit innovative solutions, creating a collective intelligence. Innocentive illustrates the concept of crowdsourcing by solving companies' internal issues through external experts. It offers both seekers and solvers benefits like increased efficiency, innovation, and reduced costs. Innocentive generates revenue through fees paid by seekers and also offers additional consulting services.
E commerce
This document defines and classifies different types of e-commerce. It identifies 14 types including business-to-business (B2B), business-to-consumer (B2C), consumer-to-business (C2B), consumer-to-consumer (C2C), peer-to-peer (P2P), mobile commerce (m-commerce), business-to-employee, e-government, e-learning, and collaborative commerce. For each type, examples are provided of how the transactions occur and common websites that engage in that particular type of e-commerce. The document concludes that e-commerce has become the lifeblood of modern business and commerce.
Innocentive
Innocentive is a platform that allows companies to post problems for solution holders to submit ideas and projects. Seekers and solvers can interact through the website or alternative means like phone calls or emails. Using social media like Facebook and Twitter plays a major role in expanding Innocentive's exposure, though maintaining its own blog is sufficient to share relevant content without seeking other platforms.
Innocentive
Innocentive is an open innovation company that crowdsources research and development problems to solvers around the world for cash awards. It provides a marketplace for companies seeking R&D solutions to connect with unknown professionals globally who may have effective solutions. Innocentive combines innovation and incentive to bring out innovative solutions to problems that were previously thought impossible to solve through traditional R&D methods. The concept of open innovation assumes that companies can and should use both internal and external ideas and paths to market as they advance technologies. Innovations can easily transfer inward and outward between companies and their environments.
Peter And Chuck's Tuesday Crowdsourcing Slides
The document discusses how crowdsourcing can be used by associations to tap into a wider network of knowledge and skills at a lower cost. It provides benefits like speeding up time to market and building customer loyalty. Case studies are presented on how the Journal of Visualized Experiments (JoVE) and InnoCentive use crowdsourcing platforms. InnoCentive's multi-step process involves posting challenges, signing confidentiality agreements, providing details in a secure project room, supporting solvers, evaluating submissions, and awarding intellectual property rights. Players to watch that are experimenting with crowdsourcing models are also listed.
Innocentive power point
Innocentive is an online marketplace that connects companies seeking research and development solutions with a large number of unknown professionals worldwide who may be able to help find effective answers to their questions. Companies post problems or puzzles on the Innocentive website and offer prizes for solvers who can come up with effective solutions. This concept of open innovation allows companies to source ideas from outside their organizations to supplement internal R&D, reduce costs, and lower the risks of innovation. Innocentive uses social media platforms like Twitter, Facebook, and blogs to promote open innovation and connect seekers with solvers from around the world.
Innocentive
Innocentive is an online platform that connects companies seeking solutions to challenges with scientists, researchers, and inventors who can present solutions. It allows seekers like corporations to crowdsource innovation. Customers include both seekers posting problems and solvers presenting solutions for cash prizes. The founder and owner is Alpheus Bingham. Innocentive generates revenue by charging seekers fees for posting challenges and taking a cut of payments to solvers. It competes with other online platforms for crowdsourced research and development like Avantium Technologies and Syscom.
The role of crowdsourcing in risk assessment
This document discusses the potential role of crowdsourcing in risk assessment. It describes how conventional innovation relies on internal teams while challenge-driven innovation engages a global network of unknown innovators. InnoCentive is presented as a pioneer in crowdsourcing problems to a worldwide community of over 100,000 solvers from various backgrounds. Challenges are used to source novel solutions, demonstrate thought leadership, and solve problems. Examples are given of past challenges addressing issues in areas like sustainability, new technologies, and healthcare.
INNOCENTIVE ANALYSIS
InnoCentive is an online platform that crowdsources solutions to research and development problems posted by companies. Founded in 2001, it connects "seekers" with technical problems to a community of over 180,000 expert "solvers". If a solver succeeds, they receive a financial award between $5,000-1,000,000. InnoCentive has facilitated over 897 challenges, 14,690 submissions, $22.1 million in awards posted and a 45% success rate. It generates revenue from challenge posting fees and consultancy services. As an open innovation model, InnoCentive could expand its user base and revenue sources by partnering with universities, developing advertising, and adding services like sales and
InnoCentive
InnoCentive provides crowdsourcing and open innovation solutions. It connects organizations seeking solutions ("seekers") to a global network of solvers through an online marketplace. Seekers post challenges and solvers submit solutions, with InnoCentive coordinating the process. InnoCentive's business model operates as a two-sided marketplace, providing value to both seekers who gain access to a large pool of solvers, and solvers who can work on problems they find interesting. InnoCentive earns fees from seekers for its matching and coordination services.
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