Innovation Shot Caller!
I’m on a roll predicting social-impact entrepreneurial startups that should come into existence! First I nailed some green technology stuff. Now I see that the open-bounties on innovation idea I described last march has pretty much manifested in the form of innocentive.com.
It’s not quite there yet as they still need to find a way to open the bounties up so anyone can contribute their $50-2,000 to the innovative dilemmas challenging humanity, but aside from that they’ve pretty much got it. The incentive is there to open it up since it’d mean growing their revenues exponentially, but they’d probably no longer be able to take 40% of the cash, and would have to find a way to handle the complications that come up when multiple people with somewhat differing objectives pool money for a common innovative cause.
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Michael,
Thanks for your perspective on InnoCentive.com. Stay tuned for more interesting developments on the philanthropic front! Feel free to contact me if you want to learn more.
Regards
Liz Moise
Marketing Manager
InnoCentive
Liz,
Thanks for reaching out! It’s an honor to hear from you. I’ll be in touch.
-Michael
[...] I had an interesting conversation with Michael Anuzis yesterday about ways to continue to improve the depth of opportunity that InnoCentive offers to contributers who want to make a difference in the world. He is one of many individuals who have blogged, called, emailed or dm’d me recently with ideas for growing our business. It’s pretty inspiring to see how strongly people believe in the concept of InnoCentive. He suggested that we find a way to allow individuals to contribute small amounts of money towards innovation projects they see on InnoCentive.com. Much like the contribution model of our friends at Global Giving. I suggested that perhaps we could even allow individuals to post an idea for a Challenge that they feel strongly about, and then use the website as a way to gather financial support around it. Once the support has hit a certain level, they would be allowed to post the Challenge and ask for solutions. These are just initial ideas, and I know you have more – please share them with us! As we grow the business, especially the philanthropic side of the business, we want to hear your thoughts. Share and Enjoy: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]