TitleHow to Design Prizes – Incentives in Innovation Contests
Publication Type04. Conference Papers
Year of Publication2010
AuthorsWenger, J., & Haller J. B. A.
EditorFaehnrich, K-P., & Franczyk B.
Conference NameService Science – Neue Perspektiven für die Informatik. Lecture Notes in Informatics (LNI) - Proceedings, Series of the Gesellschaft für Informatik, Volume P-175
PublisherSpringer
Conference LocationLeipzig
Abstract

This research paper focuses on the use of prizes in innovation contests as means to encourage participation and efforts in open innovation activities. Building on a systematic review of 69 innovation contests, we investigate differences in the design of prizes between innovation contests focusing on ideation and those with a development orientation. Results show a very heterogeneous picture, indicating a lack of target-oriented design of innovation contests and need for future research.