in partnership with
16%
22%
28%
20%
in partnership with
16%
22%
28%
20%
36%
49%
48%
19%
19%
48%
49%
36%
13%
13%
What tools and tactics does your organization use to inspire ideas and innovation from employees?
Other
Collaborations with universities or academics
Hiring focused on innovation skills
Leveraging technologies such as generative AI, Blockchain, Quantum Computing, VR/AR, etc.
Prominent research hires from the industry
Internal venture units
Financial incentives to individual compensation
Hackathons
Pitch contests
13%
“We have to put real products in front of real consumers as much as possible. . . . We try to really get in people's homes, in their backyards, in as real world a setting as we possibly can versus focus groups or market research rooms.”
—Robert Pasin, CEO of Radio Flyer, one of the world’s
Most Innovative Companies of 2023 in the North America category