InnoCentive

InnoCentive adopts a crowdsourcing model known as Cloud Labor. InnoCentive crowdsources innovation solutions from the world’s smartest people, who compete to provide ideas and solutions to important business, social, policy, scientific, and technical challenges. Our methodology is called Challenge Driven Innovation™, an innovation framework that accelerates traditional innovation outcomes by leveraging open innovation and crowdsourcing along with defined methodology, process, and tools to help companies develop and implement solutions to their key problems, opportunities, and challenges.
From idea creation to idea management to solutions management, InnoCentive offers user friendly innovation platforms to assist companies and government agencies with their current innovation needs. InnoCentive allows companies to tap into the wisdom and innovative capacity of a problem Solver network of more than 355,000 Solvers in order to find solutions to a company's difficult problem(s), or "challenges" while the Solvers can focus on a range of challenging problems with the hope of receiving a financial reward.
For more than a decade, leading organizations such as AstraZeneca, Booz Allen Hamilton, Cleveland Clinic, Eli Lilly & Company, NASA, Nature Publishing Group, Procter & Gamble, Scientific American, Syngenta, The Economist, Thomson Reuters, The Department of Defense, and several government agencies in the U.S. and Europe have partnered with InnoCentive to rapidly generate innovative new ideas and solve problems faster, more cost effectively, and with less risk than ever before.

Type
Private
HQ
London, GB
Founded
2001
Employees
52 (est)
InnoCentive was founded in 2001 and is headquartered in London, GB

Key People at InnoCentive

David Sample

David Sample

EVP of Sales
Craig Jones

Craig Jones

Executive Chairman & Chairman of the Board
Alpheus Bingham

Alpheus Bingham

Founder & Board Member

InnoCentive Locations

London, GB
Waltham, US

InnoCentive Metrics

InnoCentive Summary

Founding Date

2001

Total Funding

$30.3 M

Latest funding size

$7.5 M

Time since last funding

about 5 years

Investors

InnoCentive's latest funding round of $7.5 M was in October 2011. In total, InnoCentive has raised $30.3 M.
13% of current employees of InnoCentive are female and 87% are male.

InnoCentive Online Presence

InnoCentive Company Life

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