We have worked with the Biometrics & Information Sciences global department on annual crowdfunding campaigns over the last two years with the goal of deepening the scientific impact of the department by increasing the number of cheap (and successful) experiments.
Each crowdfunding campaign consisted of two distinct phases: 1) idea generation, collaboration, and selection, and 2) crowdfunding. More than $100,000 in company budget has been distributed across 400 employees to select the best ideas to fund and turn into projects. After being crowdfunded, several projects have been completed and more than recouped their investments. Other projects are still underway.
This approach to innovation showcases the expertise and ingenuity of their people, and has promoted greater engagement across the team.