Monthly Archives: September 2013

Crowdfunding: The New Way To Finance Your Personal Life – Forbes

Why should you care about crowdfunding? Because you can fund anything, including your personal life! Do you have a project you’ve been working on or a cause you’d like to support? Make it happen quickly and socially with sites like kickstarter.com or fundanything.com. This ability for literally anyone to gather funds from friends, family, and […]

Kickstarter + Harvard MOOCs + Worms = Neuroscience for the People

Check out this kickstarter campaign for a Harvard online (free) neuroscience course. It’s a Massively Open Online Course (MOOC) through edX.org – they want to leverage crowdfunding to provide all the students with tools to perform experiments at home, bringing science to the masses. Pretty cool – check it out. What else is possible when […]

Crowdfunding Raises More Than $76K for Homeless Good Samaritan

Honesty pays, thanks to the crowd! A Boston homeless man found a backpack full of $40K… and he returned it! After his kind act, a total stranger created a crowdfunding page for him on gofundme.com. The campaign raised $76K! Talk about a good return on your decision. Crowdfunding raises more than $76k for homeless good samaritan […]

GE Unveils Global Finalists for its Open Innovation Jet Engine Design Quest

Even GE uses Open Innovation – in this case with a design contest and $20K in cash prizes for whoever can design the most effective jet engine. This represents a fundamental shift in the ways firms innovate – reaching outside the company walls for new ideas is becoming ever more common. GE Unveils the Ten […]

Mindjet and Spigit to Merge Idea-Generation Platforms

Continuing the trend of consolidation in the open innovation industry, Spigit (a leading idea management platform) has merged with Mindjet (a task management and workflow platform). The merger represents a larger trend towards platformization of innovation – applications that large corporations can build into their day-to-day architecture and processes and scale up in order to […]

Appirio Buys TopCoder: Consolidating the Crowdsourcing + Open Innovation Developer Community

San Francisco-based Appirio just acquired Topocder, adding 500k developers to the TopCoder.com community and effectively cornering the crowdsourced development market – at least according to zdnet.com. I’m skeptical about how ‘cornered’ the market is, since the community can simply leave at will. Regardless, consolidation is an interesting direction for the crowdsourcing + open innovation market […]

Communispace: Facilitating Customer Insights via Online Communities

Communispace is a market research firm that enables customer insights directly from the source – they don’t just provide research, they facilitate the formation of online user communites for brands to speak directly with customers in a conversational format. By developing a social media platform where customers are pooled together by common interest or buying patterns, brands can […]

TopCoder Teams with NASA and National Geographic

TopCoder is teaming up with NASA (again) to continue to accelerate the pace of space exploration. TopCoder is a crowdsourcing and open innovation platform that allows individuals or companies to post ‘contests’ for the TopCoder community to tackle. Users from around the world compete for the business – it’s a competition, only the best submission […]

10 Trends in Open and Collaborative Innovation

The top 10 trends in crowdsourcing, collaboration, and open innovation (as reported by innovationmangement.se) Here are the trends summarized with some thoughts added: Emergence of in-house innovation teams – the field of innovation management is becoming more mainstream. Co-creation process using hybrid models – firms are learning from others and experimenting with various aspects crowdsourcing […]

Crowdsourcing A Floating City on Indiegogo

Check out this Indiegogo project happening now to fund the creation of a mini-floating city. They’ve just met their $20K goal, and still have 6 days left in their crowdfuning campaign. Pledges go to pay experienced European designers to develop the project state-side. I find this very interesting because it’s not just about funding, it’s […]

Lessons Learned By A Major Automaker with a Kickstarter-like Inititative

A recent interview with an Innovation Manager at one of the major US based automakers led to discussions on a Kickstarter.com-like challenge they ran with employees. The goal was to enable their workers, those that make and market their automobiles, to develop innovations from the front lines. Employees formed small teams, developed their ideas, and submitted […]

Crowdfunding college – Startups and MOOCs lowering the upfront cost of education

Check out this CNBC article on lowering the cost of education. Step 1 – take whichever class you can online to save on tuition. This refers to the emerging trend of Massively Open Online Courses (MOOCs). Step 2 – get backers to loan you money at lower rates than available elsewhere. See Pave – a […]

Crowdsourcing Weather

Here’s a great example of a company using existing networks to generate value. A team of app developers and weather experts discovered a way to use the temperature sensors built into smartphone batteries to crowdsource weather information. Tiny thermometers usually prevent smartphones from dangerously overheating, but the researchers discovered the battery temperatures tell a story […]

Co-Creation and Open Innovation – A Primer

HYVI Innovation posted this short video a few years ago on open innovation accomplished with customer co-creation – it’s worth a watch for a number of examples of how firms have leveraged customer feedback and empathy improve products or services. Related articles How Top Enterprises Are Utilizing Open Innovation (openinnovation.net) How Top Enterprises Utilize Open […]