InnoCentive is a platform that uses crowd sourcing to solve problems through an open innovation model. It connects scientists, engineers and other professionals around the world to collaborate on solutions for organizations' research and development challenges. Companies post problems on InnoCentive along with monetary rewards, and thousands of potential solvers from various backgrounds and locations attempt to address the issues. This allows companies to outsource research and development without needing to hire full in-house teams. InnoCentive also promotes knowledge sharing and management by creating a virtual network where collective intelligence can be applied to challenges.

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Don’t miss your chance to get ahead
…. this is the future!

2. Introduction
 Web sites turn into platforms and users are as integral of an ingredient
as the web site developers.
 InnoCentive built the first global web community using the crowd
sourcing model for open innovation, enabling scientists, engineers,
professionals and entrepreneurs to collaborate to deliver breakthrough
solutions for innovative R&D-driven organizations
 It follows one of the basic models of crowd sourcing: collective
intelligence.
 62% of all marketing managers have used crowd sourcing.
 Generate and refine ideas

3. InnoCentive

5. InnoCentive@Work
Innovation from within
 An internal web-based community, customized by
InnoCentive for individual organizations.
 InnoCentive@Work bridges the silos in disparate R&D
organizations — something software models can’t do.

6. How InnoCentive Works
Problem: freezing oil storage
tanks in Alaska
Seeker:
The Oil Spill Recovery
Institute
Cordova, Alaska
Post problem on InnoCentive
with a $20 thousand reward
Thousands of potential
solvers review and attempt to
solve
Chemist John Davis in
Bloomington, Illinois uses
his knowledge of concrete to
find solution
The Oil Spill Recovery
Institute awards John Davis
$20 thousand and
implements vibrating storage
tanks to keep oil liquid in
freezing temperatures.

7. Innocentive- Promoting KM
 Location is no longer an issue
 InnoCentive creates a virtual network connecting people, as
well as companies all over the world
 Companies don’t have to hire a full research team, or invest in
long term investments
 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.

8. Cont..
 Promotes sharing of knowledge across the world through collaborative
sharing
 Easy access to solution by promoting virtual ba.
 Solutions comes from experts outside your organisation, industry or
country.
 Wide number of solutions to choose from
 Promoting collective knowledge improves quality.
 Access to knowledge at a very low cost
 InnoCentive has worked with many corporations and non-profit
organizations in helping to find solutions to some of the most pressing
Challenges.