innovation olympics

Top 10 Innovation Competitions

In modern societies everyone is enabled to create the next big thing. Innovation competitions encourage independent experts from various industries to take a part in managing innovation challenges. By definition, innovation competition is an attempt by independent agents to solve an innovation challenge of a certain company.

 

The list of Top 10 Innovation Competitions was created based on the following criteria.

The Innovation Competition must:

  1. Have more impactful and powerful outctome/solution, than an output of product development process for corporate clients;
  2. Request for breakthrough and disruptive innovations, while incremental innovation might come as an additional option;
  3. Apply crowdsourcing practices;
  4. Have well-established mentorship and leadership program;
  5. Be regionally or globally acknowledged and authoritative competition.

 

Scroll down to find out what are the Top 10 Innovation Competitions, that may generate breathtaking innovations in the nearest future.

 

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Top 3 Guidelines to Drive Innovation Results

By: Bert Fickel

So often, I’m asked about best practices on how others have developed innovation within their company. While it’s not easy, there are some basic guidelines that can drive improved results.

  1. Are your people ready to drive innovation?

    Very often, only a few high level folks have the right skills and yet so often, innovation comes from those at the front line; consider how you might best set up basic innovation classes to train your people. Companies like Cisco and Cigna, who have strong IT platforms, have been very successful in leveraging those platforms by setting up online training; large, more “centralized” companies like Whirlpool find it powerful to create their own internal “universities” to train their people while decentralized companies like Natura found it easier to have external training organizations come in to train and certify their people. Look at what your company does well and consider how to leverage those competencies, assets and technologies to best develop your people.

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