X PRIZE Foundation

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= example of Open Innovation


"A group using competitions and prize models to accelerate innovation. Although the prize model is not new (per Wikipedia, between 1907 and 1919 the Daily Mail newspaper in the UK offered 14 prizes for various achievements in aviation), because of the Web and modern media, the scale and reach of the X Prize Foundation is unprecedented. They are branching out from their first prize in human spaceflight to many new domains including genomics and automotive challenges. As with Mozilla and Meetup, the X Prize Foundation is not a network per se, but rather a central node in a network of its own making. Their primary contribution is to encourage others to collaborate in order to solve extremely difficult challenges." (http://www.mitpressjournals.org/doi/pdf/10.1162/itgg.2007.2.3.3)

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Networked Innovation Initiatives