Scarcity = Abundance - Trust. How to boost initiatives via an open innovation mindset.

“No matter who you are, most of the smartest people work for someone else,” Joy’s Law.

Trusting in the power of collaborating with external organizations can play a big part in the success of your venture. It’s not an easy decision, but it’s a practical one. Trust is a currency. A lack of it equates to eventual stagnation.

“Scarcity = Abundance — Trust”
  • Open Hackathons: Airline Nippon Aerospace (ANA) to catalyze the future of traveling through robotic avatars in the 10$ million dollar competition ANA Avatar XPRIZE, or Hydro Quebec’s challenge in the Coopérathon 2020, Canada’s biggest open innovation competition.
  • Outsource your staff: Keeping your core team agile and small, finding solutions with human resources outside of your organization, matching your organization’s needs with external expertise.
  • Community engagement: Wikipedia, the biggest encyclopedia in the world, written collaboratively by the people who use it. Wikipedia is an excellent example of an open model based in abundance vs. a close model based on scarcity like Microsoft Encarta.

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Montreal NewTech

Montreal NewTech

We are an organization of programmers, designers and hustlers working hard to support communities for tech innovations and startups in Montreal and beyond.