Innocentive

Accelerate Time to Market with Breakthrough Innovation

The InnoCentive Open Innovation Solution

"InnoCentive is pioneering an innovative process to find solutions that solve real problems for some of the world's largest corporations."
-Henry Chesbrough, Author: Open Innovation, HBS Press

Gain the competitive edge with the power of global crowdsourcing. Our end-to-end Open Innovation model provides the Challenge type you need, no matter where you are in your product or service development cycle. Contact us today at 978-482-3329 to find the Challenge type that works best for you.

The Big Idea: The Ideation Challenge

Innovation starts with an idea, breakthrough innovation starts with the BIG IDEA. But how do you stay ahead of the competition to find that one, great, breakthrough idea that puts you in the lead? Instead of conducting a small internal brainstorming session, why not ask InnoCentive Solvers, our global idea community? Post an Ideation Challenge and get instant access to diverse, interesting and innovative ideas from around the world.

Get Started! Because this Challenge type does not require IP transfer, you can get started quickly with the simplified Master Services Agreement

The Design: Theoretical Challenge

You have the idea — or maybe you have more than one idea. Is your idea feasible? Do you allocate existing resources or build a new team to find the answer? Investing in personnel is expensive, time consuming and risky — you must invest funds whether or not you get a solution. Post an InnoCentive Theoretical Challenge to significantly reduce your costs, and eliminate risk by only paying for a solution that meets your needs. Solutions are theoretical and do not require proof of concept.

The Proof: RTP Challenge

You've developed a theory that you think will work, but now you have to prove it with a prototype. Can the theory be turned into an actual product, and if so, will it provide wide enough margins to make it worthwhile? Traditionally, you would invest in personnel, equipment and facilities, absorb the additional expense, and live with the risk that your team may not find an answer. This is costly not only in terms of money and resources, but in time to market — your competition may get there first and with a better idea. Post an InnoCentive RTP Challenge and allow the InnoCentive Solver community to do what it does best — provide multiple creative prototypes from which to choose, and you only pay if one meets your requirements. The only upfront cost to you is in the posting fee.

The Final Product: eRFP Challenge

You know what product you want to build, or what service you need. Who will build it? Who will provide the service in the most cost effective and thorough manner? You could invest hours of valuable and costly time identifying, researching and narrowing down the field of contractors, consultants or service providers and then submit a Request for Proposal (RFP) to each one. Or you can completely skip that costly process by creating one InnoCentive eRFP Challenge and letting the providers come to you. Post an eRFP Challenge and sit back while the responses pour in. Choose the proposal that best meets your needs. You negotiate the terms directly with the chosen vendor and only pay InnoCentive an initial posting fee.