Open Innovation: Internet Home Page

WiTricity Corp. Home — Wireless Electricity Delivered Over Dista Innovating Through Market Games with Spigit InnovationSpigit is a community platform offered by Spigit that that uses the concept of market dynamics to manage the innovation process and engage employees in this effort. I liked their creativity so I am cross-posting this from the App Gap. I recently spoke with Padmanabh Dabke, CTO and co-founder of Spigit, who explained it all to me. Padmanabh said the company is 15 months old and he based the concept on both his research in collaborative computing, and his work in financial services and exposure to market dynamics. InnovationSpigit is a SaaS offering that goes far beyond the traditional static suggestion box or web site where ideas are collected. While it adds the social interactions of enterprise 2.0, it takes it a step further and puts the innovation funnel into a game situation based on market dynamics, adding a level of both fun and incentives. They can also support prediction markets and here is a sample page with examples of prediction markets.