InnoCentive, Inc.

December 21, 2009 12:19 ET

InnoCentive Names Academics Thomas W. Malone and Paul R. Carlile to Strategic Advisory Board

Professors' Expertise in Organizational Behavior and Collective Intelligence Brings Valuable Insight Into the Future Impact of Open Innovation

WALTHAM, MA--(Marketwire - December 21, 2009) - InnoCentive, Inc., the world leader in open innovation, today announced the appointment of two new members to its Strategic Advisory Board: Professor Thomas W. Malone, Patrick J. McGovern professor of management at the MIT Sloan School of Management and founding director of the MIT Center for Collective Intelligence, and Paul R. Carlile, associate professor of management and information systems at Boston University's School of Management. Having studied InnoCentive for years, both professors will apply their respective research experience to help guide InnoCentive's business growth.

"Both Paul and Tom are respected experts in their fields of study and have defined new tools for organizing and harnessing the wealth of human creativity and inventiveness," offered Dwayne Spradlin. "InnoCentive is very fortunate to have the academic perspective on both open innovation and organizational behavior as our business model continues to expand all over the world."

Dr. Malone specializes in research related to understanding new forms of "collective intelligence" involving combinations of people and information technology. His goal is to help individuals and organizations around the globe take advantage of communication technologies, like the Internet, to work together in ways that were never before possible. He was the founding director of the MIT Center for Coordination Science and one of the founding co-directors of the MIT Initiative on "Inventing the Organizations of the 21st Century" which discusses how technological advances have displaced the hierarchical corporation as the model for business organization. Malone speaks frequently to business audiences around the world and is quoted in publications such as Fortune, The New York Times, and Wired.

"For years in my talks and writings I've referenced InnoCentive as a leading example of collective intelligence. InnoCentive is at the vanguard of a hugely important new way of doing business," said Professor Malone. "Companies are realizing that their business success depends not just on looking inside their own organization for innovation, but on tapping the collective intelligence of the rest of the world. I am looking forward to helping InnoCentive continue their pioneering role in this new way of working."

Dr. Carlile has deep experience studying organizational behavior and managing knowledge across boundaries in contexts of innovation. His 2002 article, "A Pragmatic View of Knowledge and Boundaries: Boundary Objects in New Product Development" outlines the design criteria of boundary objects and how they lead to greater innovation. His design insights support InnoCentive's design approach to open innovation challenges and why they are universally understood and succeed, regardless of expertise or culture. He has worked closely with InnoCentive over the past two years and is currently championing InnoCentive in various forums.

"I think we are beginning to realize that the question of innovation, and opening up of innovation, is larger than just creating new products or services that benefit specific firms. The question is shifting to industries and to society more generally as we are recognizing significant resource limitations as well as new challenges such as energy, health care and sustainability," said Professor Carlile. "InnoCentive represents a new approach for this kind of effort on a distributed scale, and most importantly a platform for organizations and societies to experiment in how to access these potential sources of innovation and link them together in productive and meaningful ways."

About InnoCentive, Inc.

Since 2001, InnoCentive has helped corporate, government, and non-profit organizations to better innovate through crowdsourcing, strategic consulting services and internal Software-as-a-Service offerings. The company built the first global Web community for open innovation where organizations or "Seekers" submit complex problems or "Challenges" for resolution to a "Solver" community of more than 200,000 engineers, scientists, inventors, business professionals, and research organizations in more than 200 countries. Prizes for winning solutions are financial awards up to US $1,000,000. Committed to unleashing diverse thinking, InnoCentive continues to introduce new products and services exemplifying a new corporate model where return to investors and individual passion go hand in hand with solving mankind's most pressing problems.

Contact Information