Cisco iPrize

From TheOpenBrandWiki

iPrize is an interesting example of the Open Brand and mass collaboration. Innovators submit ideas and summary proposals. They meet-up online with other like-minded innovators and form an idea team. Cisco will select up to 100 semifinalist teams that will work with Cisco experts using state-of-the-art collaboration tools to build a business plan and presentation. Next, up to 10 finalist teams will present to a judging panel for the ultimate prize: the opportunity to start a new business unit with access to the resources that Cisco has to offer.

Cisco has had over 1000 ideas submitted to date. They believe that most ideas don’t come in fully formed, and that they should facilitate teamwork / collaboration so all these half-formed ideas can make a complete idea.