Accelerate Time to Market with Breakthrough Innovation
register nowInnoCentive Open Innovation Challenge Types
The InnoCentive Open Innovation Marketplace presents Challenges that cover over 60 domains, and Challenges fall into four categories called Challenge Types: Ideation, Theoretical, RTP, and eRFP. The Challenge Type is marked clearly in the Challenge description.
Ideation: Are you a big thinker? Do you like to brainstorm and present new ideas? Ideation Challenges give you the opportunity to let your imagination, creativity and knowledge work together to present new ideas or methodologies. Submissions are brief — under two pages — and there's a guarantee that at least one Solver will win the posted cash reward. Brief posting periods mean quicker responses. There's no transfer of intellectual property (IP); instead, you grant the Seeker a non-exclusive license to use your submission.
Theoretical: To win these Challenges, submit a detailed and thorough description of a solution that meets the Seeker's needs, and be willing to either transfer or license the intellectual property (IP) contained in your solution. You'll win a substantial financial reward if your solution is chosen, and will get a technical evaluation of your work if it isn't.
RTP: In an RTP Challenge, in addition to a detailed description, you are asked to present physical evidence that yours is the best solution. More time is allowed to respond and the cash awards are larger to reflect the greater commitment required to work on these challenges. Longer posting periods allow you time to generate the data needed to support your proposal. As with the Theoretical Challenges, even if your solution is not chosen, you'll get a technical evaluation explaining why your solution was not chosen.
eRFP: If your organization provides contract services, then let InnoCentive bring Request for Proposals (RFPs) right to your desktop. Search the InnoCentive eRFP Challenges and submit proposals to those that best fit the skills and experience of your organization. Unlike the other Challenges where a cash award is granted for the winning solution, eRFP winners negotiate the terms of the contract directly with the Seeker.