Check out jazzy video of the 1st Annual Innovation Challenge Brazil hosted by Insper. The competition was sponsored by PepsiCo and Bunge. Stay tuned for other editions in Brazil and in other parts of the world.
we were interview for this report....check it out.
The most comprehensive framework / study on open innovation was released.
http://mass-customization.blogs.com/mass_customization_open_i/oi-market-study/
"Our motivation to conduct the research for this report was to support a manager's decisions when planning an open innovation venture.
Managers shall gain an overview of the intermediaries available for open innovation from a global perspective and will get advice how to identify partners for their project in a directed way." -Frank Piller & Kathleen Diener
Idea Crossing's Skild (beta) platform is powering the inaugural Cooney Prizes.
The Joan Ganz Cooney Center at Sesame Workshop launched the inaugural Cooney Center Prizes for Innovation in Childrens Learning, a national competition to inspire and identify breakthrough ideas in digital media and learning for kids.
The goal of the Cooney Center Prizes for Innovation is to identify, inspire, nurture, and scale breakthrough ideas in children’s digital media and learning. The program will annually award cash prizes and provide ongoing business planning support and mentorship to a new generation of children’s media entrepreneurs and visionaries.
Congratulations and a job well-done to Insper. With some of our training and best practices for managing an official Innovation Challenge competition they skillfully executed. Obrigado Marcos & Insper!
Earlier this year, Idea Crossing partnered with Insper Sao Paulo (formerly IBMEC) to bring the first edition of a Brazilian Innovation Challenge.
Innovation Challenge Brazil edition sponsored by PepsiCo & Bunge: Winners announced! article in BusinessWeek of Brazil: http://bit.ly/5jIek6
Highlights(translated):
- BioBunge-Winning Solution: The
group drew up an action plan for the multinational agribusiness created
the BioBunge, and to produce biodiesel from grains and their ethanol
plants already installed. Once produced, the fuel could be replaced with the
producers supplying raw material to Bunge, and also buy fertilizer it
by grains.
- Reaction from Dir of Marketing & Sustainability: "As we know the industry, we became addicted to a vision waterproof. Listen to suggestions from qualified
people who do not live this everyday is [valuable], "says Adalgiso Telles,
director of marketing and sustainability of Bunge. The company, however, intends to produce biodiesel from grains in large scale.
want to learn how to launch your own competition like this one?
read 8 keys to success then contact us.
Idea Crossing was interviewed and selected as one of a dozen case studies (see page 13 & 83) in a report on philanthropic innovation prizes released last week by McKinsey & Co's Social Sector Practice. Idea Crossing is the only for-profit organization with a portfolio of experience conducting online innovation prizes spanning corporations, foundations and academia. Other organizations such as the X PRIZE Foundation and NetFlix Prize are also case studies.
Several references are made to our Challenge Accelerator software platform as a tool to help give organizations the ability to run their own innovation prizes and streamline the administration of idea contests. Also featured is the Ruckus Nation idea competition.
Download the report
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Philanthropists and governments have long used prizes to drive innovation for societal benefit, and during the past decade they have grown significantly in number, size and diversity. In response to this growth, organizations have started asking smart questions about when to create prizes, how to ensure they are effective, and how best to administer them.
A new report by McKinsey & Company's Social Sector Office, "And the Winner is...Capturing the Promise of Philanthropic Prizes," takes a close look at the field of prize philanthropy and aims to provide answers to some of these challenging questions. The intent of the report is to help improve current prizes and stimulate effective future use by offering simple design frameworks and by compiling useful lessons and best practices for sponsors. While the report is geared primarily towards the philanthropic sponsor, we believe these perspectives will also be helpful to governments and companies considering prizes.
Key findings include:
- Prizes are useful tools for solving problems for which the objective is clear, but the way to achieve it is not.
- The strength of a prize is usually derived from its strategy, not the size of its purse.
- There are no short cuts for a distinctive prize; significant resources must be invested in its strategy, design, and administration.
- Awarding the prize is just the beginning. Post-prize investment can reinforce a winning idea or bring it to scale, and can be used to apply lessons learned for future competitions.
