Open Innovation vs Crowdsourcing vs Co-creation

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Various principles and concepts are used for managing research and innovation. You are probably familiar with these buzzwords: crowdsourcing, open innovation and a more recent one, co-creation. Organisations are gradually moving away from traditional work models; they are becoming a lot bolder and more inclusive in their approaches to innovation.

Open Innovation vs Crowdsourcing vs Co-creation

Open Innovation Is Alive and Well in the Pet Industry. Here’s How to Get In on the Action

People are spending more money on their pets than ever before, with no signs of slowing down. If you want to live the licensing lifestyle, consider inventing pet products.
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https://www.inc.com/stephen-key/open-innovation-is-alive-and-well-in-the-pet-indus.html

 

Help MIT Solve Global Problems with Open Innovation

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Last month at the United Nations, MIT’s new Solve initiative brought innovators to pitch their most promising solutions to challenges we issued on refugee education, carbon emissions, and chronic disease. Their solutions blew us away. An online, accredited university providing Bachelors and Associate degrees for refugees and displaced youth. Solar-powered flying pods creating a new mass transit system in cities and along rail corridors. An app turning pictures of meals into nutritional information to empower life-style changes for diabetes patients.

https://www.technologyreview.com/s/604092/help-mit-solve-global-problems-with-open-innovation/

Hasbro-Indiegogo Partnership Celebrates the Benefits of Open Innovation

 

https://www.entrepreneur.com/article/292151

Open innovation takes many forms. One of the most exciting examples to hit my desk of late is the Next Great Game Challenge, a partnership between Hasbro, Inc. and Indiegogo that resulted in two independently designed games being brought to market in 2016.