CEO interview: the InnoCentive model of open innovation

Abstract

InnoCentive, which connects a virtual global community of 50,000 highly quali®ed scientists with client companies seeking solutions to high-tech problems (www.innoCentive.com). InnoCentive, located in Andover, Massachusetts, is pioneering two new strategic management processes ± managing open innovation and co-creating unique value with customers (seè`C o-creating unique value with customers'' by C.K. Prahalad and Venkat Ramaswamy in

Knowledge Management and Problem Solving in Real Time: The Role of Swarm Intelligence

“…'Proof of concept' of the use of the crowd to solve scientific problems is evidenced in the success of crowdsourcing platforms such as Innocentive (Allio, 2004;Howe, 2006), effective crowdsourcing use for task completion across different work contexts (Chan & Holosko, 2015;Malone et al, 2011), crowdsourcing for social innovation (De Falco, Vargas-Sánchez, & Cucari, 2015) and other collaborative data collection and analysis platforms (J. Woolley, Madsen, & Sarangee, 2015).…”

R&D Failure and Second Generation R&D: New Potentialities

“…There is a large, and growing, body of literature on the successes achieved by InnoCentive to date (Allio, 2004;Breen, 2002;Brown, 2012;Boswell, 2003;Lonstein and Lakhani, 2011).…”

Critical Management Studies in the South African context

“…Arguably, radical new epistemologies and ontological perspectives have emerged on the back of new technology such as crowdsourcing, crowdsourced research and development (R&D) as well as social media, offering new opportunities for innovation platforms (Allio 2004;Aye et al 2016) and boundary spanning (Carlile 2004) to transcend the knowledge-aggregation problem (Hayek 1945;Von Hippel 1994) and enable problem-solving capabilities in real-time research (Callaghan 2014(Callaghan , 2015(Callaghan , 2016b. Arguably, the emerging paradigm in scientific (both social and natural) sciences 'closes the circle' as citizen science and participant-led research paradigms together with post-normal science movements herald perhaps not only a radical new ontological paradigm in science but also a radically new epistemological paradigm premised on radically increased innovative potential related to harnessing the 'crowd' or democratically inclusive populations in problem-solving itself.…”

“…Crowdsourcing, or crowdsourced R&D, has demonstrated proof of its effectiveness in medical research (Allio 2004;Adams 2011;Armstrong et al 2012;Callaghan 2015) as a powerful enabler of research productivity. Internet-based platforms using geographical information systems (GIS) and other forms of emergent technological applications are proliferating globally (Aye et al 2016).…”