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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.

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HQWaltham, US
Employee Ratings3

Latest Updates

Employees (est.) (Feb 2019)49

Key People/Management at InnoCentive

Craig Jones

Craig Jones

Executive Chairman & Chairman of the Board
Alpheus Bingham

Alpheus Bingham

Founder & Board Member
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InnoCentive Office Locations

InnoCentive has offices in Waltham and London
Waltham, US (HQ)
265 Winter St
London, GB (HQ)
57 Gloucester Place
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InnoCentive Financials and Metrics

Summary Metrics

Founding Date


InnoCentive total Funding

$30.3 m

InnoCentive latest funding size

$7.50 m

Time since last funding

7 years ago

InnoCentive investors

InnoCentive's latest funding round in October 2011 was reported to be $7.5 m. In total, InnoCentive has raised $30.3 m
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InnoCentive Revenue

Cash (31-Dec-2017)

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017



Accounts Receivable


Current Assets



Y, 2017

Financial Leverage

-0.2 x
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InnoCentive Online and Social Media Presence

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InnoCentive Blogs

Peter Erickson

Peter Erickson Director Peter Erickson is the former Executive Vice President for Innovation, Technology and Quality at General Mills Inc., where he served in a variety of technical leadership positions since joining the company in 1988. During the last 15 years of his career, Peter was responsibl…

Donald C. Wheeler, M.D.: Director

Donald C. Wheeler, M.D. Director Donald Wheeler has been a practicing radiologist for 27 years.  In his current position, he is the managing partner and President of Humboldt Radiology, the premier radiology group in the North coast region of California.  In addition to his clinical medical activi…

Enel and InnoCentive Seek Solvers for Challenges Regarding UN SDG #6: Clean Water and Sanitation

The access to clean water and sanitation and the management of freshwater ecosystems are both essential to the health, wellbeing and economic prosperity of communities everywhere. These issues are so fundamentally important to the lives of billions of people across the globe that the Uni…

Meet Enel, InnoCentive’s Innovation and Sustainability Partner

Back in May, InnoCentive officially announced a major partnership with Enel, a multinational leader and integrated player in the global power, gas and renewables markets. This partnership entails the creation of open innovation challenges and other initiatives to support Enel’s pursuit o…

The Winners of the Wildland Fire Sensors Challenge Have Been Announced

In 2017, the United States Environmental Protection Agency (EPA) joined five other federal agencies on a mission to improve air sensor monitoring technologies that measure pollutants contained within the smoke that fills the sky during wildfires. The EPA worked again with InnoCentive to …

InnoCentive Company Life and Culture

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InnoCentive Frequently Asked Questions

  • When was InnoCentive founded?

    InnoCentive was founded in 2001.

  • Who are InnoCentive key executives?

    InnoCentive's key executives are Craig Jones and Alpheus Bingham.

  • How many employees does InnoCentive have?

    InnoCentive has 49 employees.

  • Who are InnoCentive competitors?

    Competitors of InnoCentive include STATION F, CrowdANALYTIX and Imaginatik.

  • Where is InnoCentive headquarters?

    InnoCentive headquarters is located at 265 Winter St, Waltham.

  • Where are InnoCentive offices?

    InnoCentive has offices in Waltham and London.

  • How many offices does InnoCentive have?

    InnoCentive has 2 offices.