3. Crowdsourcing
Crowdsourcing 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
5. Open Innovation
Open Innovation
Innovating with partners by sharing
risk and sharing reward.
Innovation Product Customer
networks platforming immersion
7. History
2001
Funded by Eli Lilly and Company as a spin-off from its “application of internet
to business” project
2005
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. 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
10. Biz Model
Global R&D
network Open Innovation Marketplace Solution
of Solvers Seekers
InnoCentive
Core:
electronic marketplace
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 who
Solvers want to stay
To Solvers:
- Can focus on focused
Connections
topics they feel
and interested in Own website
reputation
Human Fee from seekers
