hypios: Seeking a Business Model for Open Innovation

Published 24 Mar 2014
Reference 5848
Region Europe
Summary

Hypios offers companies (called “seekers”) a secure website where they can formulate and publish R&D problems and reach out to a global community of “solvers”: engineers, scientists and other experts in the Hypios network. The idea is that seekers offer monetary rewards for the right solution and solvers compete to find the best solution and win the reward. Hypios must identify industries where this business model would be most promising and develop an appropriate business model.

Teaching objectives

Development of new busines models. Innovations in the R&D process. Introduction to Open Innovation.

Keywords
  • Open Innovation
  • Business Models
  • Business Model Innovation
  • Innovation
  • Research and Development
  • European Competitiveness
  • Europe