In the News
Selected News and Articles Mentioning IdeaConnection
Plazabridge Group, LLC, a services and technology firm specialized in technology development, innovation commercialization and revenue growth services, announced today the selection of the firm’s CEO and General Partner, Mrs. Teresa Spangler to participate in the IdeaConnection project inventions leveraging converging technogies such as; Sensors, IoT and Blockchain.
Using provided datasets, Crop Challenge participants are asked to predict which soybean seed variety or mix of up to seven varieties in appropriate proportions is more likely to be chosen. Entries will be evaluated based on the rigor and validity of the process used to determine which variety or varieties are selected for planting and should include documented methodology. Visit www.ideaconnection.com/syngenta-crop-challenge
Similar high level of success of its crowdsourcing campaigns, up to 90%, was reported by another open innovation service provider, IdeaConnection. Just compare these numbers to about 2% success rate claimed by Dell's IdeaStorm!
Starting Page 22: Smart Innovation:
IdeaConnection, on the other hand, exists to bring together teams of specialists as and when needed to solve specific problems. IdeaConnection mainly works with businesses engaging in scientific research of some kind, chemistry, pharma, food science, biotech, consumer products, engineering or material science “the kind of thing where there you come across scientific problems that are narrow and specific in scope”. But the concept has much potential for innovation in any sector – and the need to cooperate and utilise external expertise has never been greater.
The Institute for Operations Research and the Management Sciences (INFORMS), the leading professional association in analytics and operations research, and Syngenta, announce a new, joint award, the Syngenta Crop Challenge, which will focus on ways that analytics can address the problem of feeding millions of people throughout the world who face hunger every day.
Details about the award, a collaboration between Syngenta and the INFORMS Analytics Section, are at www.ideaconnection.com/syngenta-crop-challenge/.
Optimal marginality also underpins IdeaConnection, an eight-year-old, Victoria-based, open-innovation platform that assembles teams of solvers rather than relying on individuals to crack seekers’ conundrums. “The idea is to put five people together on a team that can solve a problem that a company with 10,000 scientists can’t,” says Paul Wagorn, IdeaConnection’s president.
Take a look at Innocentive.com, a "global, online marketplace where organisations in need of innovation - companies, academic institutions, public sector, and non-profit organisations - can utilise a global network of over 160,000 of the world's brightest problem solvers". IdeaConnection.com and EdisonNation.com are also worth a visit.
Service providers such as NineSigma, InnoCentive and IdeaConnection focus on challenge-driven innovation in which they help companies (seekers) connect with individuals as well as other companies (solvers) in order to get their problems solved. Such an approach can be applied within many different kinds of business functions and thus it can bring value to both types of companies.
Beyond technology platforms, there are pre-existing for-profit and non-profit innovation communities for many disciplines and industries that can be tapped into to drive innovation programs. Well known examples include Innocentive, IdeaConnection, and NineSigma, to name just a few.
Paul Wagorn on open innovation intermediaries, problem solving and technology scouting. Paul is Director and VP of business development for IdeaConnection. "Paul has been instrumental in developing the framework within which these expert teams operate, and has also developed innovative ways to perform technology scouting and other problem solving systems."
There are also thousands of extremely smart problem solvers out there who are unknown and simply need a venue and a problem to solve for a fee and then invest the difference to build wealth.
Scott Wurtele, the founder of IdeaConnection has been around ever since the open innovation movement started. In this interview, he shares his experiences, insights and foresights. One is that he believes companies are still scared of open innovation and not acting enough to realize the full potential.
Page 66: Canadian Confidential
. Imagine that your biotechnology business is facing a challenge that you don't know how to solve. Maybe you'd like to turn to open innovation by putting together a brainstorming team to bounce around ideas, but you also need to protect the confidentiality of the project. Then you're just the sort of client who calls on IdeaConnection in British Columbia.
"Crowdsourcing" is transforming the way entrepreneurs (as well as established companies) develop new products. P&G's Connect + Develop, IdeaConnection, and Quirky are just a few examples of crowdsourcing in action.
Steps for Working with IdeaConnection. Page 129.
Thanks to Cary for pointing out this interesting request on IdeaConnection, which is basically an online market-place for crowdsourcing solutions to R&D problems.
"In recent years, intermediaries, as YourEncore, IdeaConnection, InnoCentive and others had a sharp growth in the markets, due to the need to create ways to connect to and communicate with other companies, organizations and individuals."
In many ways it's a dream come true – IdeaConnection is quite seriously offering a penny for your thoughts. The newly launched website is marketing itself as a trading ground for ideas; allowing users to post problems and handpick a team of thinkers varied in age, experience, location and field of expertise to work on the solution.