A corporate innovation challenge invites teams or external innovators to propose solutions to a defined business or technology problem. Its effectiveness depends on the quality of the challenge and the organisation's ability to act on promising submissions.
Begin by consulting internal stakeholders to establish the business need. Write a problem statement that explains the context, constraints, intended outcome and evaluation criteria without unnecessarily prescribing the solution.
Define the eligible participants, timeline, intellectual-property arrangements and support available. Build a review panel with appropriate expertise and use a consistent scoring framework.
Before launching, identify who will own follow-up and whether funding, technical access or pilot capacity is available. Participants should understand what happens after selection, including whether there is any commitment to test or procure a solution.