Crowdsourcing Innovation News & Resources | HeroX

In “normal” times and in times of crises, innovation is not a luxury; it’s a way of survival. That’s why removing “innovation blocks” is crucial.

A panel interview with Innovation Experts; HeroX, XPRIZE, BurstIQ, and Topcoder as they tackle grand challenges and innovating with COVID-19 pandemic at the top of the list.

Necessity is the mother of all inventions. In this new age of hyper online sharing, we can find some exciting, innovative solutions to our problems, and in very creative ways from our social networks and the hive mind.

Over the past decade, crowdsourcing has become a popular open innovation tool helping organizations solve their biggest problems. While the adoption of crowdsourcing hasn’t been easy; one thing is clear: it is here to stay, and in this article, I attempt to predict what it’ll look like in 10 years.

Open Innovation has become an indispensable tool to speed up corporate innovation. And yet, widespread adoption has been slow as the implementation of open innovation programs encounter barriers. This article will review some of these barriers along with recommendations on how to overcome them.

The rapidly changing business landscape has made it impossible for organizations to stay competitive while relying only on internal R&D. To maintain pace, organizations must include elements of open innovation in their organizational innovation toolboxes, but “closed” innovation hasn’t disappeared.

Fueled by the need for COVID-19 solutions, this partnership expands access to collaboration and data-sharing services between the two companies' global communities. The result? Data-driven crowd intelligence solutions that will solve the world's toughest problems - starting with COVID-19.

How do you manage intellectual property; how much of the asset is shared, or controlled? A strong intellectual property strategy coupled with a well-managed and structured crowdsourcing project will mitigate the risk and attract more positive collaboration.

For any organization, being part of the innovation ecosystem implies the ability to work with a wide range of partners, including customers, suppliers, academic institutions, startups, and government agencies. More and more often, it also implies working with the organization’s competitors.

Ideas are no longer the precious commodities of experts, researchers, and PhDs. Open innovation has leveled the playing field by opening up the channels for breakthrough ideas and the exchange of knowledge and proprietary assets.