How to Design Prizes – Incentives in Innovation Contests

Title	How to Design Prizes – Incentives in Innovation Contests
Publication Type	04. Conference Papers
Year of Publication	2010
Authors	Wenger, J., & Haller, J. B. A.
Secondary Authors	Fähnrich, 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
Pagination	961–966
Publisher	Springer
Conference Location	Leipzig
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.