You don’t have to solve your innovation problems by yourself.
Leverage the collective insight of the crowd.
But how do you crowdsource effectively?
Launch an Innovation Challenge - a prize-based competition.
It doesn’t matter what your innovation problem is, a crowdsourcing strategy will generate a rich and diverse set of solutions to choose from.
Share your problem broadly
2. Incentivize the crowd to participate
3. Select the best solution
Many different organizations use Innovation Challenges
Innovation Challenges are used by individuals, teams, and organizations to engage innovators in the solution development process. These competitions start with a problem, one that can benefit from the new and diverse perspectives the crowd brings.
They are a powerful approach to problem solving
Problems are shared broadly and an incentive or prize is used to drive innovator participation. Challenge participants submit their solutions with the best one selected and awarded the prize. Challenge organizers can now deploy, further develop, or scale the winning solution.
Result in a range of diverse and impactful solutions to choose from
These types of competitions are powerful but aren’t new. Innovation Challenges accelerate and democratize the innovation process and have been used frequently to identify novel concepts, technologies, programs, and interventions.