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article CrowdfundingOn Oct. 27, Hampshire County’s Baker Mountain Research Corporation won the “Pitch Your Idea” event at the CreateWV conference held at the Charleston Civic Center. Baker Mountain Research...
document Open InnovationIt discovered that corporations which make their vision "meaningful" at the personal level and involve employees in setting this overall direction tend to be the most successful at...
site Crowd Creativity / DesignLogo Design is an online marketplace for designer and companies. Logo Design is based on the crowdsourcing principle. The idea of Logo Design is to facilitate online design contests. Companies can...
site ToolsINCENT offers two powerful options to effectively identify the best ideas:
• Peer based evaluation structure, where users score ideas on a predefined scale.
• Criteria based structure that allows...
Cloud Labor
CrowdFlower, the San Francisco-based crowdsourcing company, will announce significant management changes later today. Co-Founder and CEO Lukas Biewald will be replaced by Woody Hobbs, a veteran executive with experience at both technology and financial service firms. CrowdFlower will also appoint Richard Arnold as CFO and VP of strategy and corporate development. Hobbs and Arnold have worked together on three previous ventures. including serving as CEO and CFO of the mobile software provider Intellisync when it was acquired by Nokia for $430 million in 2006.
Dolores Labs, renamed CrowdFlower in January 2010, was founded by Biewald in and Chis Van Pelt in 2007, and quickly became one of the most reputable firms utilizing Amazon's Mechanical Turk platform. Biewald brought methodological rigor to an oft-disparaged category of crowdsourcing. Biewald and company were rewarded with considerable interest from the venture capital community. In March of last year CrowdFlower raised $5 million in Series A funding and in March this year raised an additional $7 million.
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Open InnovationAlberta's Climate Change and Emissions Management Corporation recently unveiled a Grand Challenge on NineSights looking to find innovative uses for carbon dioxide.
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Distributed Knowledge, ToolsCrowdsourcing.org recently spoke with Leila Janah, CEO of Samasource, about the company’s vision and business model. Samasource offers a “private crowd” as a model that fits between traditional outsourcing and crowdsourcing; the former providing advantages delivered through the organization of qualified labor and the latter delivering the greatest labor arbitrage advantage. Samasource employs a dedicated workforce, managed off-shore by trained service partners that provide quality control in designated work centers. Janah describes Samasource as “a distributive work company that employs crowdsourcing principles.”
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Crowdfunding
It has been argued that funding was particularly difficult to obtain for small businesses in respect of their size and lack of available historical data creating information asymmetry for potential investors. Hence, traditional financing methods like bank loans, business angels or VCs are out of reach for these small companies. Moreover, bootstrapping does not allow businesses to grow fast due to its focus on cash generation, often at the expense of maximizing value creation. As a result, crowdfunding can become a viable fundraising method obtainable for small entrepreneurial companies or project-based initiatives.
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site Open Innovation / R & DNokia is committed to connecting people to what matters to them by combining advanced mobile technology with personalized services.The purpose of Invent With Nokia is to gain access to inventions...
Distributed Knowledge, ToolsIn this guest post, Crowdworx founder Aleksandar Ivanov explains how crowdsourcing with employees can help generate accurate risk assessments and sales forecasts, leading to actionable information and an engaged workforce.
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Open InnovationSo far we've looked at how the crowd feels about the biggest Crowdfunding, Cloud Labor, Crowd Creativity and Distributed Knowledge sites. Now, this week we're going to wrap up our series with a look at the last category in the Crowdsourcing taxonomy--Open Innovation.
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CrowdfundingA bittersweet moment in entrepreneurial history recently occurred, with the Senate passage of the JOBS Act. After passing in the House, this 6-pack of small business modernization reforms cleared the Senate. While most things were left intact from the House bill, the crowdfunding component was tweaked to allow for "more investor protections." In my opinion, crowdfunding was the most economically important part of the bill, so it's no surprise that the special interests have dipped their fingers in the mix. Unfortunately, America will pay a price for this in terms of brain-drain. Sound familiar?
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CrowdfundingPresident Obama signed the Jumpstart Our Business Startups Act — and the provisions within it to legalize crowdfunding for equity in the United States — at around 2:40 PM EDT time today.
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CrowdfundingYesterday we posted a piece from Candace Klein of SoMoLend and securities attorney Sean Peppard on how the crowdfunding portions of the JOBS Act will unroll over the next several months. Today we follow up with some more detail from attorney Mike Liles, Jr. of the firm Karr, Tuttle and Campbell.
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Cloud Labor, Distributed Knowledge, ToolsInfoArmy is an initiative that aims to create “competitive intelligence reports for every strategically significant company on the planet.” The company’s founder and CEO, Jim Fowler, is recruiting the crowd to help his company achieve this ambitious task. We caught up with Fowler earlier today to ask a few questions about his newly launched company and its goals.
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Open InnovationTwo weeks ago, we published a piece that discussed the state of open innovation (OI). In order to get the most current information for my story, I spoke with several executives from a number of leading OI companies. Today, I am sharing my very enlightening conversation with InnoCentive’s Vice President of Marketing Steve Bonadio.
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CrowdfundingIn this guest post, the SoHo Loft expounds on how crowdfunding is already disrupting the old school finance supply chain.
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