What is Innovation Crowdsourcing?

What is Innovation Crowdsourcing?

Innovation crowdsourcing is a way for businesses to engage both internal and external networks to solve problems and generate innovative solutions. It is different from outsourcing as it is an outlet for connecting with various knowledge sources. Challenges are created and the appropriate audience is chosen to solve them. The winning idea is chosen and developed to solve the challenge, and the successful participant is awarded. Innovation crowdsourcing helps companies to dissolve challenges faced and bring something valuable to the table.

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