5 Essential Thoughts for Open Source Innovation

5 Oct, 2007  No Comment - by Philippe De Ridder

An interesting article on TheAge.com discusses open source innovation, which is essentially networked innovation made possible by the internet. Kristen Le Mesurier presents 5 essential thoughts to stimulate the adoption of open source innovation:

  1. Bury the thought that innovation is a department or a role. Encourage all employees to think creatively.
  2. Make the cliche company suggestion box transparent and put it online, in an email, or on the intranet.
  3. Don’t just ask employees for ideas. Formulate the problem and ask employees for solutions.
  4. Work out who the enthusiasts are and get them involved.
  5. Make your product or service available for free to those who might be able to improve it.

I would like to highlight one important element. Read the rest of this post >

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Spigit: tap into the Wisdom of the Crowd

16 Aug, 2007  4 Comments - by Philippe De Ridder

A lot is beeing writen about tapping into the wisdom of the crowd. It is less clear however, where entrepreneurs and companies can find that wisdom. Spigit, a newly launched platform, might present some opportunities.

Spigit is a platform that provides professionals the ability to showcase new ideas and innovations and in the process build their professional network. Companies and Entrepreneurs can obtain feedback-contributions-ratings from employees, partners and customers. Through our proprietary simulation they can build and refine an idea, find the right resources to contribute, create buzz, and calculate a multitude of targeted metrics to provide insight into viability and simulate the likelihood of success. Contributors can also earn credits, build a network, and win the spigit Splash! Award based on their credits.

The platform allows ideas and concepts to evolve and emerge through participation and contributions of a diverse audience, which perfectly fits the new Open Entrepreneurship trend. Of course, you can only post ideas, new products, or services when you are comfortable with publicly contributing them. On the other hand, it is not yet clear to me how large, established companies can benefit from spigit.

Conclusion: one to try out for entrepreneurial minds who want their ideas to be peer reviewed. Video: Spigit presented at AlwaysOn Stanford Summit