So what do we know about where this will work?
If the individual budget for a person is $100 or is $2 000, it works. If the domain of the projects you can propose is wide open, or if it is limited to software technology innovation projects, it works. It works if there is no limit on how much or how little a budget can be, or if there are strict rules. It seems to be very f lexible. What don’t we yet know?
We don’t know how big is too big, how little is too little. We don’t really have a sense yet of what correct amount of money to allocate ocate per person in order to get a budget spent. pent. I think we want to do more work on your question, which was a follow-through ough question. Are there projects that are e doomed at the outset and shouldn’t be e allowed in? We don’t know that yet. We think that enterprise crowd f unding g i ncreases employee engagement, but t we don’t really have the numbers bers to prove that.
What advice dvice would you give companies t hat want to try this? his?
It’s important rtant for the sponsor to say what kind of innovation he or she e wants to see and what is out of bounds. ounds. Also, organisations should actively tively campaign to get everybody involved, otherwise money doesn’t esn’t get spent,