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"Crowdsourcing"
A message to all members of MedTechIQ
Colleagues,
Had great meetings in Boston. More extensive summaries to come.
For now, kudos to Joe Kvedar & Joe Terneullo (MedTechIQ members) on an excellent "Connected Health" symposium, and John Parrish, for an excellent CIMIT (Harvard Medical School/MIT) annual congress.
Of note at both meetings was the focus on Social Networks. Susannah Fox, Pew Research, gave a compelling talk on the coming wave at "Connected Health", & Beverly Brown organized a great panel on Open Innovation, specifically "Crowdsourcing" at CIMIT.
Commercialization is almost never a solo event. Bringing innovation to market requires a wide set of skills & knowledge. Crowdsourcing aggregates large numbers of people to create new products & solutions. The trick is how to match people, solutions & precisely defined problems. Innovation requires thinking outside the box. Groups with diverse backgrounds (like the MedTechIQ membership) generate the largest number of unique solutions to problems. Individuals are limited to their backgrounds in creating solutions. Diverse crowds expand the scope of possibilities by drawing on their varied expertise from unrelated fields.
One of our members, Michael Fitzgerald, CEO, NextTech, is a "Crowdsourcer". At CIMIT, Innocentive, a leader in Internet based Crowdsourcing, gave a insightful presentation. It posts problems on behalf of corporate seekers to potential solvers around the world. They then broker the solution to their corporate clients. This emerging model provides economic opportunities to a global community of diverse researchers, while opening up the scope of innovation to corporate clients.
As long as the incentive structure is appropriate, social networks can facilitate the efficient aggregation of large numbers of diverse experts, and, in practice, as demonstrated by Innocentive & NextTechs, more efficient translation of innovation to market. Perhaps this is a model we should pursue? Your thoughts?
CC
Visit MedTechIQ at: http://medtechiq.ning.com/
Colleagues,
Had great meetings in Boston. More extensive summaries to come.
For now, kudos to Joe Kvedar & Joe Terneullo (MedTechIQ members) on an excellent "Connected Health" symposium, and John Parrish, for an excellent CIMIT (Harvard Medical School/MIT) annual congress.
Of note at both meetings was the focus on Social Networks. Susannah Fox, Pew Research, gave a compelling talk on the coming wave at "Connected Health", & Beverly Brown organized a great panel on Open Innovation, specifically "Crowdsourcing" at CIMIT.
Commercialization is almost never a solo event. Bringing innovation to market requires a wide set of skills & knowledge. Crowdsourcing aggregates large numbers of people to create new products & solutions. The trick is how to match people, solutions & precisely defined problems. Innovation requires thinking outside the box. Groups with diverse backgrounds (like the MedTechIQ membership) generate the largest number of unique solutions to problems. Individuals are limited to their backgrounds in creating solutions. Diverse crowds expand the scope of possibilities by drawing on their varied expertise from unrelated fields.
One of our members, Michael Fitzgerald, CEO, NextTech, is a "Crowdsourcer". At CIMIT, Innocentive, a leader in Internet based Crowdsourcing, gave a insightful presentation. It posts problems on behalf of corporate seekers to potential solvers around the world. They then broker the solution to their corporate clients. This emerging model provides economic opportunities to a global community of diverse researchers, while opening up the scope of innovation to corporate clients.
As long as the incentive structure is appropriate, social networks can facilitate the efficient aggregation of large numbers of diverse experts, and, in practice, as demonstrated by Innocentive & NextTechs, more efficient translation of innovation to market. Perhaps this is a model we should pursue? Your thoughts?
CC
Visit MedTechIQ at: http://medtechiq.ning.com/
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