Enterprise companies are finding new ways to unlock innovation


“In 2017, enterprise companies are looking for new ways to to unlock innovation. One popular strategy is to host programs like Merck’s Open Innovation Challenge, where the goal was to explore how voice-enabled digital solutions could improve the experience of those newly diagnosed with type 2 diabetes.

“Innovative competitions like this, large brands have found, can be a powerful way to find the best solution for an industry saturated with ideas from people who are, to simplify, like-minded. Demo days for these competitions are also a way to unite established corporations with the innovators buzzing in the startup world.

“‘Large scale, multi-stage challenges are a great mechanism for big companies and government agencies to connect with early-stage technology companies,’ explained Sara Holoubek, CEO and founder of Luminary Labs, the company that ran the challenge for Merck.”

Read more from the article published by Dell Technologies (November 6, 2017)