|Title||How to Design Prizes – Incentives in Innovation Contests|
|Publication Type||04. Published Conference Proceedings|
|Year of Publication||2010|
|Authors||Wenger, J., & Haller J. B. A.|
|Editor||Faehnrich, K-P., & Franczyk B.|
|Conference Name||Service Science – Neue Perspektiven für die Informatik. Lecture Notes in Informatics (LNI) - Proceedings, Series of the Gesellschaft für Informatik, Volume P-175|
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.