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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Type
Private
HQ
London, GB
Founded
2001
Size (employees)
47 (est)-4%
InnoCentive was founded in 2001 and is headquartered in London, GB
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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 London and Waltham
London, GB (HQ)
57 Gloucester Place
Waltham, US (HQ)
265 Winter St
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InnoCentive Financials and Metrics

Summary Metrics

Founding Date

2001

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-2016)

7.6 k
GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016

Cash

61.4 k49.8 k163.9 k74.8 k210.9 k3.3 k7.6 k

Accounts Receivable

4.8 k49.2 k87.7 k90.7 k13.4 k3.6 k

Current Assets

66.2 k49.8 k253.9 k162.5 k301.6 k445.8 k38.5 k

PP&E

1.1 k1.8 k2.2 k3 k3.6 k1.4 k1.4 k
Y, 2016

Financial Leverage

-0.3 x
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InnoCentive Online and Social Media Presence

Embed Graph
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InnoCentive Company Life and Culture

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