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Open Innovation Initiatives

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Don’t think of it as a newspaper — it’s a data platform. Business Intelligence. Home of the world's largest development community. Home - Technology Transfer, Intellectual Property and Patent Exchange, IP Licensing Marketplace. Idea Market: A stock exchange metaphor for empowering collaborative innovation. Combining the benefits offered by web 2.0 technologies and mindset plus Experian Latin America’s people-oriented culture, in late 2008 we conceived a web ideation platform called Idea Market.

Idea Market: A stock exchange metaphor for empowering collaborative innovation

It functions as a metaphor of a stock market, in which employees act like entrepreneurs, investors and/or advisors. By doing this, Idea Market extracts the wisdom of the crowds to improve Experian's decision on which ideas should get attention from the board, promoting a BOTTOM-UP management and strategy setting. It also builds an entrepreneurial environment where employees engage themselves to their contributions. Furthermore, it fosters and recognizes employees' collaboration and provides a recognition & reward framework based on accumulated amount of a virtual currency (EXP$, or Experians). The platform was developed internally with the assistance of an external consultancy firm. You Gotta Love Lego – Crowdsourcing meets Open Innovation! Yes, you gotta love Lego!

You Gotta Love Lego – Crowdsourcing meets Open Innovation!

Not only is the company doing amazingly well during this ”crisis”; they are also constantly experimenting with new ways of working together with partners. Their new thing is Lego Cuusoo. Here Lego has teamed up with Cuusoo, which is a Japanese pioneer of user innovative product design that introduced a design-to-order process already in 1998. This image gives you a good explanation of the project: Home. Open Innovation - Innovation Exchange. IdeaConnection: Solve your open innovation challenges.