The Best Tools to Derisk Innovation

Innovation is vital for companies to stay competitive, but it is also extremely risky. To minimize risk and increase the chances of success, there are various tools available such as crowdsourcing, crowdfunding, open innovation, and business model tools like hackerspaces and Uber-style companies. While implementing these tools can be challenging, their success stories can be learned from and emulated. By managing risk and using the right tools, companies can increase their chances of success in innovation.