InnoCentive is an open innovation company that crowdsources commission research and development problems.
InnoCentive is the global leader in crowdsourcing innovation problems to the world’s smartest people who compete to provide ideas and solutions to important business, social, policy, scientific, and technical challenges.Their global network of millions of problem solvers, proven challenge methodology, and cloud-based innovation management platform combine to help their clients transform their economics of innovation through rapid solution delivery and the development of sustainable open innovation programs.For more than a decade, leading organizations such as AARP Foundation, Air Force Research Labs, Booz Allen Hamilton, Cleveland Clinic, Eli Lilly & Company, EMC Corporation, NASA, Nature Publishing Group, Procter & Gamble, Scientific American, Syngenta, The Economist, Thomson Reuters, 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.
Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
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May 7, 2008 | Series B | $6.50M | 1 | — | — | Detail |