InnoCentive

InnoCentive is a global open innovation and crowdsourcing corporation headquartered in Waltham, Massachusetts, with an EMEA headquarter in London, United Kingdom. They enable organizations to address unsolved problems and unmet needs by posing them as 'Challenges' to the crowd. The crowd can be external (i.e., their network of over 380,000 issue solvers) or internal (i.e., an organization's workers, partners, or customers) in the case of InnoCentive. Awards, which are often monetary in nature, are provided for contributions that match the Challenge's conditions. The average prize for a Challenge is $20,000, although several exceed $100,000. InnoCentive has conducted over 2,000 external Challenges and over 1,000 internal Challenges to date, giving over $20 million in prize money.

InnoCentive Business Model
2001
Founded
125
Employees
Waltham, MA
Headquarter

Hard Facts

Business Model Canvas of InnoCentive

The business model canvas of InnoCentive shows a detailed explanation of how the business model of InnoCentive is structured.
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Business Model Patterns of InnoCentive

The business model patterns of InnoCentive help to understand the mechanics behind the business model of InnoCentive. For a better understanding we added a description of how InnoCentive is using the detailed patterns. Furthermore you can learn more about the specific business model pattern by clicking learn more.
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SWOT Analysis of InnoCentive

The SWOT Analysis of InnoCentive is about the strengths, weaknesses, opportunities and threats of the companies business model. By clicking the i you can see a detailed description.
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What makes InnoCentive special and action oriented insights about InnoCentive

This section is all about the secret sauce of the business model of InnoCentive. If there is any incredible information about the founding team (like how they started the business, etc.) you can learn from you can find it here!
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Marketing of InnoCentive

Last but not least in this section we analyse the marketing activities of InnoCentive? Which kind of marketing InnoCentive is doing? By clicking the i you can see a detailed description.
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