Publication: Guiding Ideas from Mind to Market : Learning from infoDev's Mobile Microwork Innovation Competition
Date
2013
ISSN
Published
2013
Author(s)
World Bank
Abstract
The Information for Development
Program's (InfoDev) "From Mind to Market"
approach was designed to bridge early-stage innovation
support gaps and guide promising ideas on toward minimum
viable products, ultimately turning them into sustainable
businesses. The approach aims to source ideas from a large
talent pool and spur the best innovators to turn their
innovations into sustainable, growth-oriented start-ups. The
primary goal is start-up creation. Secondary goals include
the generation of pools of ideas and prototypes, the
creation of basic topical knowledge for a large group of
innovators, and broader awareness-raising around a new
topic, as well as partnership and capacity-building for
implementation partners. This report summarizes the
approach, which is based on four steps: 1) the
identification of a novel topic with market potential and
high potential for international development; 2) the
implementation of a broad based collaborative, open
innovation competition; 3) the implementation of an activity
that forges minimum viable products through face-to-face
support at sites across the globe; and 4) the follow-up with
a program of incubation and acceleration for the best and
most committed innovators.
Citation
“World Bank. 2013. Guiding Ideas from Mind to Market : Learning from infoDev's Mobile Microwork Innovation Competition. InfoDev;. © Washington, DC. http://openknowledge.worldbank.org/handle/10986/17605 License: CC BY 3.0 IGO.”