...where the world innovates

1. Innocentivewhere the world innovates Nicolas Schock MBA2

2. Innocentive Innocentiveis a new e-business. The idea of this Internet platformis to give an opportunity to coorporations and non-profitorganizations, whobehave as solution seekers, to post challenges on the webpage. On the other hand, people whoact as solvers, can post innovative solutions in differentfields on the platform and if chosen, willberewarded by the seeker.

4. Doesn’t need to hire any staff, in order to find solutions

5. Innocentiveisless expansive thanother consulting companies

7. Doesn’tneed to payanyfee to post hisideas

8. Gets access to a large database of bigcompanies in hisfield

10. Get’s a good recognition in the field of creative and innovativethinking

12. Competitors Philoptima Innovation Framework (France) The action fieldmayvary, but the business idea of an open innovation companyremains the same.

13. Unique to the web In this case only the web canapply to a business idea as this one. The popularity of an e-business likeInnocentive, isincreasedthrough the factthat the accesiseasy. The solvers come fromaround the world, but all meet the exact same place. Without the Internet, the database of Innocentive, whetherits the seekers or the solvers, wouldneverbethat important.

14. Stretch the business Makeit more global: The ideaisstillvery « Amercian » an needs to beexpanded to other countries Translating the Webpage, in order to be more accessible on an international level. Expanding the model intoothersectorsthan R&D. Innovatingideas are neededeverywhere (e.g. Advertising techniques, generalentrepreneurship, …) Givecompanies the opportunity to hiresolvers on long and short term and get a feebased on theirsalary. Theyrepresent a large database of potential R&D professionals Increaseadvertising and public relations