A growing number of organisations and projects are turning to open innovation challenges. They can generate fresh ideas and solutions from unexpected sources to open the way for sometimes truly transformational breakthroughs. And they can do it faster and at a lower cost than traditional R&D processes.
However, the growing popularity of such challenges and prize competitions does not mean they are easy to organise, or that the desired results are guaranteed.
At the CSW Global 2019 conference in San Francisco in September 2019, Aurelie Wen, Managing Partner of the open innovation platform Agorize North America, highlighted nine factors where challenge sponsors could miss out on maximising the effectiveness of their open innovation challenge. Here is her pitch deck for you to avoid any of the nine tripwires.
