Starmind Blog

How does Starmind work? Pascal Kaufmann details the mechansims and the philosophy of Starmind. “The lower a posted financial reward is, the more likely are you to attract creative and truly outstanding solutions. Starmind introduces an intelligent pricing mechanism with rewards increasing over time, fueling a global competition for outstanding solutions.” see youtube

How could the future of Open Innovation look like? “I think that in the future information will have no value since everyone can access it at any time. In contrast, the economic value of innovative individuals and talents is increasing significantly as differentiation and competitive advantage become more and more important. In a world war for talents, users become aware that their know-how is precious and can generate added value, so that they may become less likely to share their know-how for free. The future of open innovation may not be so open eventually.” see youtube

How Starmind is used as an HR tool for recruiting talents: “Several companies and employers use Starmind to single out talents and potential candidates for their open positions.  Instead of processing hundreds of handed in CVs,  employers can post a problem on Starmind that the successful candidate would face in his prospective position anyway. Depending on the solution the employer receives not hundred CVs need to be sorted out but just a few solutions need to be considered based on which you learn a lot about your candidate.  On Starmind you can also limit the number of solutions you like to receive usually 2-3 handed in concepts are sufficient. It is much easier just handing in excellent CVs, yet a lot more difficult to solve a problem and present the solution in an understandable manner. If that hurdle is successfully passed the candidate does not only earn the financial reward posted on Starmind but is also invited for an interview.  Checking out the CV would be more efficient and would make more sense when you already know that your candidate is able to solve the problems your business is facing.” see youtube