Case: economic impact of InnoCentive challenges

This study illustrates the financial impact of using InnoCentive Challenges for open innovation in the research and development department of a large consumer products organization.

McKinsey’s model for decision making on prize-based (open) innovation

McKinsey & Company has recently published a report with the title “And the winner is…” reviewing the current academic and business literature on prize-based innovation. The report is also partly based on a number of case studies from companies and governmental organization practicing such strategies in different forms.