What is challenge-led innovation?
Challenge-led innovation is a process which seeks to find innovative solutions to challenges. Put simply, it’s a means of sharing a work context or problem within a safe wider environment so that partners, and sometimes even competitors, can help find a way forward.
Challenge-led innovation typically involves larger organisations looking outside their company and inviting solutions from the business community. To achieve this, they create a trusted environment in which issues can be discussed and collaborative solutions found.