Scientific
technologies and internet advancements had made it easier for reputed
brands to attain success in terms of better revenues, marketing,
branding and product development. With great success comes greater
responsibilities. The responsibility of making the world a better place
to live. Corporations and institutions officially term this act as
“corporate social responsibility” where they give back to the society
whose resources have been used by them to achieve their objectives. In
addition to that, there are certain organizations that addresses
critical environmental and health concerns and resolve them. When it
comes to working things out, records have proven that open innovation is
the appropriate option.
Imagine
H2O, a non-profit organization in the United States have been carrying
on multiple open innovation practices to gather innovative ideas for
tricky water issues. One of them had been the 2010 Water Energy Nexus
Competition that declared a winning amount of $100,000 for
companies/individuals whose ideas can help to minimize the amount of
energy needed to treat and move water and wastewater. The open idea
capture campaign has attracted more than 50 teams from regions such as
Canada, Australia, Netherlands and Singapore with revolutionary ideas
that resolved the concern with ease and precision. Furthermore, the
ideas also had suggestions that can be used for other allied water and
wastewater treatment issues.