Nosco Sells Shares In Ideas. Want To Buy One?

by Ville Vesterinen - July 23, 2009 - Leave a comment

This is the first post in a series of posts on startups that presented at the ArcticEvening in Copenhagen at the end of June. First up is Nosco, a nifty Danish startup that's specialized in idea management.

Nosco offers an idea management tool Idea Exchange. An online suggestion box, where you buy shares in ideas. I don't have experience in using the product, but by looking at some of their customers' experiences, there's clearly something there. Much more than in my previous job, where the management tried to engage and encourage the staff coming up with new ideas by going through all the trouble of setting up a one new email account. So if you feel an urge setting up ideas@yourdomainhere.com as your new organizational initiative, check out Nosco instead.

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ArcticEvening Going Copenhagen - Last Chance To Get A Ticket

by Ville Vesterinen - June 22, 2009 - Leave a comment

ArcticEvening

To continue our ArcticEvening tour around Northern Europe we will be organising an ArcticEvening in Copenhagen, Denmark on 24th June. The date is set so that it is in the eve of the awesome reboot conference.

We have still some 20 tickets or so left and you can reserve your free ticket here or at below. Go get your now!

We are going with a different format this time (no panel) and want to bring out all the best startups in the region. We have a amazing line up coming.

Here's the list of startups that will be presenting (we also might add a few extra appearances). The presentations start at 18.30 sharp(!), so be there in time.

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Nosco Turns Innovation Management Into A Stock Market Game

by Miikka Kukkosuo - June 17, 2009 - Leave a comment

Nosco is a Danish startup specialized in idea management.

Nosco offers a product they call Idea Exchange, an idea management tool for corporations of any size. With Idea Exchange Nosco promises to help to optimize processes, cut costs, and identify new opportunities by using the collective wisdom of the employees. Idea Exchange is based on the concept of prediction markets. http://en.wikipedia.org/wiki/Prediction_Markets

Prediction markets offer real-time forecasts on selected matters based on the knowledge and information held by the participants. Nosco's Idea Exchange is said to mimic the functionality of a virtual stock market game, but in Idea Exchange instead of stocks there are questions like "will we meet the deadline?" Others can then participate in the game and share their knowledge and expectations by trading; buying in or selling out based on whether they think the deadline will be met or not. This way the current "price" forms a reliable forecast of whether or not the deadline will actually be met.

There can any amount of participants, each having a certain amount of "money" to use in investing. Anyone can create new ideas to be valued in the market, also anonymously, and multiple persons can contribute in creating the same idea.

Organizations could use Idea Exchange for example to help in broadening the design and execution of strategies, and engaging employees in creating constant improvements.

Nosco logoNosco is a Danish startup specializing in idea and innovation management. The firm offers a product they call Idea Exchange, an idea management tool for corporations of any size. With Idea Exchange Nosco promises to help to optimize processes, cut costs, and identify new opportunities by using the collective wisdom of the employees. Idea Exchange is based on the concept of prediction markets, and it is about buying and selling shares in new ideas.

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