There is a very real need to stimulate inventors, creators and entrepreneurs in the communities we serve. With Open Innovation, history has proven the successful social and economic development of cities, towns and countries that stimulate and reward knowledgeable and skilful individuals or companies seeking to challenge the status quo, improve efficiencies and further the development of solutions to the World market
“With a goal to create a world class brand that makes a difference to the world we live in and to the development of the human species, means simply that a new strategy is required that involves developing collaborative business models within the existing organisations infrastructure to drive innovation” Martin Hall, 2016
The program must provide a sustainable reward system that pays permanent royalties as passive income to innovators linked to the revenue generated by that product/service. By continually contributing products/services to their basket, innovators can grow passive income as a secondary or primary source of income and thus stimulating the economy by sharing the resources created jointly.