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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Employee Rating

3
TypeSubsidiary
Parent CompanyWazoku
HQWaltham, MA, US
Founded2001
Websiteinnocentive.com
Cybersecurity ratingAMore
InnoCentive was founded in 2001 and is headquartered in Waltham, MA, US
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Key People/Management at InnoCentive

Rosemarie Diegnan

Rosemarie Diegnan

Chief Strategy and Product Officer
Simon Hill

Simon Hill

CEO
Jon Fredrickson

Jon Fredrickson

Vice President, Chief Innovation Officer
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InnoCentive Office Locations

InnoCentive has offices in Waltham and London
Waltham, MA, US (HQ)
265 Winter St
London, GB
Saint Magnus House, 3 Lower Thames St
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InnoCentive Financials and Metrics

Summary Metrics

Founding Date

2001

Total Funding

$30.3 m

Investors

In total, InnoCentive had raised $30.3 m. InnoCentive is a subsidiary of Wazoku

InnoCentive Revenue

GBPFY, 2010FY, 2011FY, 2012FY, 2013FY, 2014FY, 2015FY, 2016FY, 2017FY, 2018

Cash

61.4k49.8k163.9k74.8k210.9k3.3k7.6k5.8k4.6k

Accounts Receivable

4.8k49.2k87.7k90.7k13.4k3.6k4.5k88.1k

Inventories

Current Assets

66.2k49.8k253.9k162.5k301.6k445.8k38.5k21.8k99.8k
FY, 2010

Financial Leverage

2.2 x
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InnoCentive Cybersecurity Score

Cybersecurity ratingPremium dataset

A

93/100

SecurityScorecard logo

InnoCentive Online and Social Media Presence

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InnoCentive News and Updates

InnoCentive Launches World Vision Challenge to Attract Additional Investment in Clean Water, Sanitation, and Hygiene

LONDON, July 16, 2021 /PRNewswire/ -- Open innovation firm InnoCentive is supporting Christian humanitarian organisation World Vision on a new challenge that aspires to find new business models that could generate billions of new investment into water, sanitation, and hygiene (WASH)...

InnoCentive Launches Open Innovation Challenge With Shell GameChanger to Help Decarbonize the Chemical Industry

The Shell GameChanger accelerator programme seeks companies developing technology that can reduce the carbon footprint around industrial chemical production.

InnoCentive Launches World Vision Challenge to Revolutionise Process for Counting of Improved Latrines

Goal is to reduce costs and execution time while retaining accuracy, allowing automated annual status checks of community progress in universal latrine coverage

Debiopharm Collaborates with InnoCentive for the Launch of a Global Challenge to Develop a Single-Dose mRNA COVID-19 Vaccine

LAUSANNE, Switzerland, April 20, 2021 /PRNewswire/ -- Debiopharm (www.debiopharm.com), a Swiss-based, global biopharmaceutical company, today announced the launch of a global challenge to identify a new single-dose formulation of approved mRNA COVID-19 vaccines through the InnoCentive...

InnoCentive Launches Open Innovation Challenge With Habitat for Humanity to Inexpensively Harvest Drinking Water in Mexico

Global nonprofit seeking low-cost ideas to use rainwater or other sources for drinking water in urban areas of Mexico

InnoCentive Launches Open Innovation Campaign With Habitat for Humanity to Find Solutions to Prevent Mosquito Bites Across Africa

Global nonprofit seeking ways to prevent the spread of malaria, which is expected to be a greater cause of death in Africa than COVID-19 this year
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InnoCentive Blogs

Solver Stories: Open Innovation brings clean, safe water to 750m+ people worldwide

The crisis in many parts of the world concerning the lack of available drinking water is only getting worse year after year. As it stands, around 768 million people worldwide cannot access this fundamental resource and, as the effects of climate change worsen and pollution continues, thi…

Solver Stories: How Open Innovation delivered sustainability to a global industry

Having had a very successful experience with one of its Challenges run in late 2020 Habitat for Humanity returned to InnoCentive’s open innovation platform.

Solver Stories: Saving millions of lives through disinfecting water

Following the success of the previous challenge it ran with InnoCentive, WorldVision had another problem that needed solving. Supported once again by SeaFreightLabs, this Challenge sought to improve the uptake of chlorine-based water treatment in Sub-Saharan Africa.

Wazoku and Jisc partner to harness the collective brainpower of two million students

Series of challenges provide students with the chance to work with global business, gain valuable experience and win cash prizes

Wazoku partners with the University of Bristol to capture student ideas that address some of the world’s greatest problems

Series of challenges provide students with the chance to work with global business, gain valuable experience and win cash prizes

Solver Stories: Protecting hundreds of millions of people by retrofitting foundations

Around the world, hundreds of millions of people are at risk of having their homes decimated by natural disasters, such as hurricanes, typhoons, and earthquakes. The main danger of these isn’t purely the volatile and changeable nature of our natural world. Rather, it’s that so many homes…
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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 Rosemarie Diegnan, Simon Hill and Jon Fredrickson.

  • How many employees does InnoCentive have?

    InnoCentive has 35 employees.

  • Who are InnoCentive competitors?

    Competitors of InnoCentive include Cobalt, Qualitrix and Thoughtexchange.

  • 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.