Open innovation philanthropy


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About the project Edit

Philoptima is an open innovation philanthropy that helps grant makers, funders, donors, philanthropists, and seekers to access the latest applied research and interventional best-methods as they work to solve community challenges in education, health, public safety, foundation management, governmental oversight, and the environment. Philoptima, started in 2008, crowdsources research and development on social causes among philanthropists and grant makers.

Philoptima provides connection and relationship management services between "Prize Makers" and "Faculty." Prize Makers are the philanthropists and grant makers searching for solutions to critical social challenges. The Philoptima faculty are the hundreds of registered Philoptima researchers, experts, and specialists who provide their solutions to the prize makers and philanthropists in response to problems posted by prizemakers along with an attendant cash prize and deadline. Anyone who is smart and intuitive can become a member of the Philoptima faculty. Members whose solutions are selected by the grant makers and philanthropists are compensated for their ideas by Philoptima, which acts as manager of the problem>solution>prize process.


In what ways is this project unique and creative? Edit

Philtoptima is a unique application of crowdsourcing where an affordable system of Open Prizes is used to attract a large pool of talent to encourage competitive ideas over a secure online platform. It provides a practical way of dealing with community problems.

What is the social value of this project? Edit

The underlying use of open innovation philanthropy as a universal theory of practice is gaining national and international recognition as a successful way to employ mass collaboration. Organisation not only expand its research and development capacity, but also reduces cost, risk and research failure and improves the community. It helps to boost the impact of community social interventions by using the latest methods and applied research at the lowest possible cost.

What is the potential of this project to expand and develop? Edit

Philoptima is an example of open research whereby research is conducted in the spirit of free and open source software. Several early examples arose in the area of the search for new/improved treatments in neglected disease.

What was the triggering factor of this project? Edit

What is the business model of this project? Edit

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