Running an Innovation Challenge: the Ultimate Guide

Innovation challenges are a game-like approach to idea generation and collaboration, driving a culture of innovation within an organization. This article outlines the benefits of setting up an innovation challenge, such as unlocking innovation potential, improving products and services, and optimizing performance. The article specifically focuses on internal innovation challenges, which are open only to internal stakeholders. It provides a step-by-step guide for organizations looking to set up their own innovation challenge, covering topics such as defining innovation goals, selecting participants, choosing a platform, and setting rewards. The article also emphasizes the importance of effective communication, engagement, evaluation, and recognition in maximizing the impact of an innovation challenge.