Best Five Portals for Open Innovation

In the earlier post we covered the best platforms for cloudsourcing. In this article we look at some best portals for Open Innovation.

innovation

Most Innovations Fail. And companies that do not innovate die.

In today’s world where only thing constant is change, the task of managing innovation is vital for every company of every size. In a Closed Innovation, companies must generate their own ideas, then develop them, build them, market them, distribute them, service them, finance them and support them on their own. Open Innovation is emerging in the place of closed innovation. Open Innovation is a paradigm shift that assumes that companies can and should sue external ideas as well as internal ideas and look to advanced their technology.

Open Innovation is a term that was originally promoted by Henry Chesbrough, a professor and executive director at the Center for Open Innovation at Berkeley. He brought in this concept of Open Innovation related to innovation by consumers and end users. The main idea behind open innovation is that in a world of widely distributed knowledge, companies cannot afford to rely entirely on their own research, but should instead buy or license processes or inventions (e.g. patents) from other companies or individuals. In addition, internal inventions not being used in a firm’s business should be taken outside the company (e.g., through licensing, joint ventures, spin-offs

Here are the best 5 Web 2.0 portals that support Open Innovation.

1. Fellowforce

Fellowforce

Fellowforce.com offers you the opportunity to step from the sidelines to the center of the game. Companies and organizations want to involve you, as an expert, or as a consumer, for product innovation or to solve their problems. Fellowforce matches your expertise with open challenges.

Worldwide companies expect your innovative ideas, creativity and solutions. Innovation proposals are posted to an organization on a non-confidential and no-obligation basis. Also, you can post your innovation with as many companies as you want. Now it is really possible to make an impact from outside-in. Fellowforce connects you and your innovation proposals to the leading companies worldwide.

2. Zyrist

zyrist

Zyrist is a platform that creates opportunities for professionals & businesses with specialized skill-sets to offer their expertise at innovating, co-creation and open innovation. On the other hand it enables users to better commercialize, monetize and showcase their Innovation, Ideas, Patents, Technology and other Intellectual Assets.

3. Innocentive

innocentive

Founded in 2001, InnoCentive connects companies, academic institutions, public sector and non-profit organizations, all hungry for breakthrough innovation, with a global network of more than 160,000 of the world’s brightest minds on the world’s first Open Innovation Marketplace™.

These creative thinkers — engineers, scientists, inventors, and business people with expertise in life sciences, engineering, chemistry, math, computer science, and entrepreneurship — join the InnoCentive Solver community to solve some of the world’s toughest challenges.

Organizations (called seeker ) post their challenges on the InnoCentive web site, and offer registered Solvers significant financial awards for the best solutions. Seeker and Solver identities are kept completely confidential and secure, and InnoCentive manages the entire IP process

4. NineSigma

ninesigma

As a leader in open innovation, NineSigma drives innovation productivity by dramatically expanding your reach into the global innovation community. We engage your organization with scientists, researchers, and innovators worldwide to enable optimal execution of your innovation initiatives.

NineSigma offers the largest open global network of solution providers in the open innovation space and have completed more than 1,300 projects across all industries and technical disciplines. The company’s core mission is to work on behalf of their clients to source innovative ideas, technologies, products and services from outside their organization quickly and effectively by connecting them with the best innovators from around the world

5. Ideawicket

ideawicket_logo

Ideawicket is India’s first “Open Innovation” Portal. It seeks to bring together innovators and innovation seekers on a common problem solving platform.

Innovators leverage Ideawicket to showcase their projects and receive feedback and interest from other innovators and innovation seekers.

Organizations can tap Ideawicket for :
– Technology Scouting & Sourcing
– Solving R&D and other Innovation Challenges
– Finding Partners and Suppliers
– Marketing of technology assets
– Cultivating relationships with Innovators in their field

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4 comments

  1. […] Best Five Portals for Open Innovation | Addicted To Technology!: […]

  2. Andrew Stern says:

    I can’t help but need to point out that you missed out Induct, Henry Chesbrough’s favourite Open Innovation solution! I hope you don’t mind that I add it in below:

    Induct is the first truly integrated Web-based service that supports custom design, management, and measurement of the entire open innovation process. Induct integrates Enterprise 2.0 technology and social networking concepts with a flexible and customizable innovation process management framework.
    Induct delivers the Induct Innovation Community™ to companies and other organisations who wish to realise the potential and benefits of their own innovation in a new and exciting manner.

    Induct is delivered as a true software as a service (SAAS) application meaning there is nothing to install, no hardware or complex implementation project to engage in, the system is up and running from the day you sign up.

    If your organisation already has, or wishes to use, a specific innovation methodology or process, this can be modelled and configured in the system either by users or Induct certified partners.
    http://www.inductsoftware.com

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