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R&D Management Conference: 3 - 6 July 2016

From Science to Society: Innovation and Value Creation

Studying at Cambridge

Developing sustainable open business models, but how?

 

Dirk Luttgens 

RWTH Aachen University

Dr Kathleen Diener 

RWTH Aachen University

 

Developing sustainable open business models, but how?

23.9 2015 The New York Times : A quirky, an ambitious crowdsourced invention start-up, which raised $185 million from investors that included General Electric and leading venture capital firms, filed for bankruptcy on Tuesday. The failure of the company, based in New York, will surely raise questions about how far the crowd-based model of innovation and product development, made possible by the Internet, can go. Other companies are using crowdsourcing to make physical goods, from Threadless for T-shirt designs to Local Motors for automobiles. The aim of this track is to analyze success factors of Open Business Models!