Friday, November 15, 2013

Seven Lessons from Crowd-Sourcing the World: How Grand Challenges and Prizes Have Helped Us Improve Development | LinkedIn

Seven Lessons from Crowd-Sourcing the World: How Grand Challenges and Prizes Have Helped Us Improve Development | LinkedIn

"5. Science and technology alone are not enough
What will make GCDs and prizes successful is not only the sourcing and acceleration of brilliant new science and technology innovations, but also an understanding of how to get them to scale. Scale and sustainability have to be envisioned from the beginning, in the selection process. This requires the innovator to clearly identify a customer or demand for the product. It means that we need to provide both financial and acceleration support to the innovators. It also means that we need to fund not only product innovations but also process innovations that enable adoption of the innovation. We have found that scale and sustainability have to be evaluated at all stages of the development of the innovation, even early on. There are multiple chasms that have to be crossed and challenges at different scales."

No comments:

Post a Comment