Open innovation is a model or methodology that intentionally expands beyond internal resources, inviting external innovators and partners to help advance a goal or solve a problem.

Luminary Labs has been tasked with designing and producing open innovation programs on behalf of public, private, and nonprofit organizations, representing more than $350 million in potential incentives for accelerating effective, scalable solutions — and our most recent survey of challenge winners shows that open innovation can deliver a return on investment.