Presentation
Presentation: MSI Innovation Series Webinar: The Power of Losing Ideas in Crowdsourcing Contests: How AI Can Leverage Non-Winning Designs in the Luxury Fashion Industry
Feb 10, 2025
Despite decades of growth in crowdsourcing contests, the core model has remained largely the same: companies encourage many submissions to select a few winners, often leaving the majority of ideas unused. For example, Lay’s received 2.8 million submissions for their “Do Us A Flavor” contest but awarded just one $1M prize, raising the question—could those non-winning ideas have value?