Crowdsourced R&D

InnoCentive Poses Million Dollar Challenge

Scientist? Can measure disease progression in Amyotrophic Lateral Sclerosis (ALS or Lou Gehrig's Disease/ Motorneuron Disease) for US$ 1,000,000? Get on over to InnoCentive.com - the crowdsourcing R&D wonder.

The Low-Down on Crowdsourcing

The crowd knows best - is the mantra of the crowdsourcing revolution. And latest in the line of the "the crowd" are scientists, who can solve challenges posted at InnoCentive.com for monetary incentives!

Crowdsourcing is simply delegating one-to-many, the many being the members of the general public. The medium is the Internet. Members of the general public, through a (self-)screening process, often layered with an approval process, then qualify to work at a certain task delegated by one entity - usually a corporation or a "for impact" organization.

From Crowdsourced Journalism to Crowdsourced R&D

Previously on TrendHunter, we have covered the popular use of crowdsourcing: in journalism - with stories on NowPublic and Assignment Zero.

But crowdsourcing is entering behind traditionally closed doors - often sealed, cooled, and off-access: research & design labs and centers.
InnoCentive is a medium for crowdsourcing the R&D function, especially scientific challenges requiring innovative solutions. Companies, called "Seekers", post specific challenges in the life sciences and chemistry & applied sciences categories. Scientists, called "solvers" tackle a problem of their choice from the menu. Successfully solved challenges earn an award.

Currently, the winners of awards represent a global array with scientists from Russia, India, USA, Mexico, Argentina, and other parts of the world. This is truly a place for scientists sans frontiers.

Crowdsourced R&D
Crowdsourcing R&D via the internet presents disruptive innovation opportunities for traditional research and design labs.
Monetary Incentives for Scientific Challenges
Offering monetary incentives for the solution of scientific challenges can disrupt traditional incentives in the scientific community.
Global Utilization of Scientific Minds
The ability to tap into scientific minds from around the world presents a disruptive innovation opportunity for globalized scientific problem-solving.

Where This Applies

Pharmaceuticals
Pharmaceutical companies can disrupt traditional R&D practices by utilizing crowdsourcing platforms to solve scientific challenges.
Chemicals
Chemical companies can tap into global scientific minds to solve scientific challenges, presenting disruptive innovation opportunities.
Life Sciences
Crowdsourcing R&D in the life sciences industry presents a disruptive innovation opportunity for scientific problem-solving.
SCORE
1.8 out of 10
GENDER
50% Men50% Women
MARKETTop markets: North America, Europe
GENERATION
  • Gen Z
  • Gen Alpha
  • Gen X
  • Millennial (primary audience)
POPULARITY
Popularity 26%
Activity 21%
Freshness 8%

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