Like the prize that Charles Lindberg claimed for the first non-stop flight between New York and Paris or the space industry's X-Prize, open innovation encourages progress towards clear targets without specifying the best means to achieve them. It is an approach that has earned its place as a flexible, useful tool within a comprehensive portfolio of strategies to support innovation.
Recent Perspectives
Getting Started
The following resources offer useful starting points for more information about open innovation:
- The US government's Getting Started with Challenge and Prize Competitions page
- Nesta's Innovation Policy Toolkit
- McKinsey's Using Prizes to Spur Innovation report
- Deloitte's report on The Craft of Incentive Prize Design
- Infoway's ImagineNation Challenge website with outcomes, rules, judges, awards, and more