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I know of a few startups that kind of do this. MindSumo does it for corporate clients in the form of open innovation challenges (disclaimer, I am their top ran
by MattGaiser 3y ago
I know of a few startups that kind of do this.
MindSumo does it for corporate clients in the form of open innovation challenges (disclaimer, I am their top ranked solver and have written PR pieces for them in the past). They are really light idea generation.
There are similar companies in various niches, from product design with Eyeka and Desall to grand challenges with HeroX to highly technical challenges with Wazoku.
It is hardly lucrative though. I make a few thousand a year from it.
It isn’t lucrative for the companies either. They have very small teams and keep being bought and sold and repackaged.
Would love to know if there is a way to make more.
- theowensgroup 3y agoThanks for the response. The number of companies that fail due to lack of innovation or ability to iterate, you'd think this would be a bigger thing. Like most things it's sometimes harder to see the solution when you are in it, rather than from the outside.
- verdverm 3y agoIt's typically more internal culture and politics that gets in the way. That is hard to consult or contract around. I tried as an employee at IBM, but it was like banging your head against a brick wall. They even wanted, promoted, and supported these efforts, but the bureaucracy and entrenched powers doomed it all