Business Innovation Brief

10 Do’s & Don’ts for Open Innovation Competitions

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JANUARY 4, 2016

We were asked recently by a new client what our top 10 Do’s and Don’ts are for running open innovation competitions, based on our experience including the UBS Future of Finance Challenge , Unilever Foundry Ideas Challenge , Colombia CO4 Open Innovation Competition , and Ordnance Survey GeoVation Challenge. or too narrow (e.g.

Open Innovation

Open Innovation Competition Technical Review Innovation

Mind the Gap

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JUNE 15, 2017

Example: In the UBS Future of Finance Challenge , the $300,000 rewards available and all major milestone dates were communicated up front and there was no deviation from the published plan. Challenge 2 – The Anxiety Gap. Corporations and start-ups need each other more than ever. Challenge 1 – The Time is Money Gap.

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Business Innovation Brief

10 Do’s & Don’ts for Open Innovation Competitions

Mind the Gap

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