life of 80

I have always been a fan of Innocentive, but they just keep getting better.

Innocentive is a open innovation marketplace where seekers (often large corporations like Eli Lilly and Proctor & Gamble) post challenges with monetary awards. For instance, seekers are currently looking for technology to preserve bread texture ($40,000), a grain moisture/ wetness sensor system ($20,000), and an outdoor mobile wireless network ($25,000).

The innovation model is interesting enough for these science and technology applications, but Innocentive has recently embraced the non-profit and social innovation crowd (see this article in Fast Company). For instance, the Rockefeller Foundation supports a whole list of challenges related to development for poor and vulnerable populations. Last fall a 31-year-old Texan won $20,000 for his idea for a solar-powered router. The seeking organization, ASSET, breaks the cycle of the sex industry by providing training for children of sex workers and girls rescued from trafficking in India. The training focuses on technology and computer skills, but unreliable electricity in some areas makes operations difficult. The solar-powered router will provide more hours for training.

Full disclosure: I also love Innocentive because I recently participated in my first challenge and won $3,000!