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IDeM is a collaborative innovation support environment that uses the market metaphor to provide:
# idea generation mechanisms
# feedback, commenting and rating
# aggregation of the preferences of users to support idea selection
Our approach fosters participation by:
# exploiting a game-like process
# providing incentives
# unleashing creativity in idea competitions
Idem explores a new paradigm for broad participation of knowledge workers in the evaluation of innovative ideas.
People can put their ideas on internal prediction markets (PMs) and thereby explore and participate in a collaborative evaluation process.
The participants can bet on the future success of ideas using virtual stocks representing future events whose price is a function of transactions representing individual probability-estimates of the event happening.
The result is a prediction market that aggregates knowledge from many individuals in order to involve a broad base of insight in the evaluation of new ideas and concepts.
Users are motivated by winning, teams are encouraged to transfer knowledge and organizations profit from a collaborative evaluation harnessing the “wisdom of crowds”.
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The project Laboranova is funded within the 6th Framework Program of the EU Commission.