228:
Challenge
Experts then work with clients to decompose and formulate the problem or need as a Challenge. The problem or need is abstracted to allow for insights across industries, perhaps even one that shares the problem and has already solved it. The Challenge description clearly defines the problem or need, the solution and
235:
Challenges are posted, anonymously if the client desires, on InnoCentive.com. Typically users will submit their solutions over a period of 30 to 90 days. Deliverables vary depending on the type of
Challenge and can range from short proposals to experimentally validated solutions. After the client has
257:
platform that allows organizations to run private, internally focused
Challenge programs that engage their employees, partners or customers. The platform can be customized and branded as required. Employees are able to comment and vote on their colleagues’ ideas, suggest ideas for Challenges, and
227:
Premium
Challenges allow organizations to post their problems and needs to InnoCentive's problem solver network through the InnoCentive.com platform. Typically this process begins with a workshop led by InnoCentive in which appropriate problems and needs are identified. InnoCentive's PhD-educated
244:
Custom
Challenges come in two forms: Grand Challenges, which are high-profile Challenge programs that focus on a large problem, often calling for radical innovations and breakthrough solutions, and Showcase Challenges, which tend to focus on a specific sector and typically involve a live event.
206:
In 2006, Prize4Life partnered with InnoCentive to launch the $ 1 million ALS Biomarker Prize, which was a Grand
Challenge designed to find a biomarker to measure the progression of ALS – also known as Lou Gehrig's disease – in patients. In February 2011, the $ 1 million prize was awarded to Dr.
173:
to address. In the case of InnoCentive, the crowd can either be external (i.e., their network of over 380,000 problem solvers) or internal (i.e., an organization's employees, partners or customers). Awards, typically monetary, are given for submissions that meet the requirements set out in the
174:
Challenge description. The average award amount for a
Challenge is $ 20,000 but some offer awards of over $ 100,000. To date, InnoCentive have run over 2,000 external Challenges and over 1,000 internal Challenges, awarding over $ 20 million in the process.
266:
As of
September 2017, there were over 380,000 users from nearly 200 countries in InnoCentive's problem solver network. All users have separately and specifically registered with InnoCentive and report expertise in a variety of fields including
322:
of 74% with a payback period of less than 3 months from their work with InnoCentive". Another study conducted by
Forrester Consulting found that Syngenta achieved a return on investment of 182% with a payback period of less than 2 months.
202:
to add a non-profit area designed to generate science and technology solutions to pressing problems in the developing world. Between 2006 and 2009, The
Rockefeller Foundation posted 10 challenges on InnoCentive with an 80% success rate.
186:
during a session that was focused on exploring application of the Internet to business. The company was launched in 2001 by Jill Panetta, Jeff Hensley, Darren Carroll and Alpheus Bingham, with majority seed funding from
258:
participate in discussions on suggested Challenges and awarded submissions. The awards mechanism works slightly differently to Premium Challenges, tying into the organisation's existing benefits program, for example.
729:
672:
207:
Seward Rutkove for his creation and validation of a clinically viable biomarker. In early 2011, InnoCentive launched four more Grand Challenges on behalf of Life Technologies.
353:
460:"Accelerating Innovation for Development: The Rockefeller Foundation and Inno-Centive Renew Partnership Linking Nonprofit Organizations to World-Class Scientific Thinkers"
508:
236:
finished evaluating the submissions and selecting the winners, InnoCentive handles the administration of award payments and IP transfers or licensing.
564:
647:
724:
719:
593:
357:
332:
169:, UK. They enable organizations to put their unsolved problems and unmet needs, which are framed as ‘Challenges’, out to the
198:
of New York. In December 2006, shortly after Dwayne Spradlin took the helm as CEO, the company signed an agreement with the
515:
459:
299:
Level or above. InnoCentive have a number of partnerships that allow their clients access millions more users.
122:
673:"The Total Economic Impact™ Of InnoCentive's Enterprise Solution: Challenges, InnoCentive@Work, And ONRAMP"
572:
714:
284:
199:
162:
79:
182:
The idea for InnoCentive came to Alpheus Bingham and Aaron Schacht in 1998 while they worked together at
540:
272:
229:
188:
183:
118:
53:
481:
319:
288:
57:
601:
311:
296:
622:
435:
254:
154:
130:
45:
708:
195:
158:
126:
67:
232:
requirements, and the award amount that will be paid out for winning submissions.
276:
211:
280:
268:
381:
17:
292:
101:
49:
408:
194:
In 2005, InnoCentive was spun out of Eli Lilly with investments led by
354:"Defining Open Innovation, Crowdsourcing, and Crowdsourced Innovation"
315:
166:
170:
191:. Darren Carroll led the launch effort and became the first CEO.
699:
142:
107:
Alpheus Bingham (Founder and Board of Directors member)
648:"The Total Economic Impact of InnoCentive Challenges"
136:
114:
91:
74:
63:
40:
32:
307:In 2016, 80% of Premium Challenges were awarded.
210:In February 2012, InnoCentive acquired UK-based
730:Privately held companies based in Massachusetts
8:
27:
314:found that "the hygiene and health company
161:company with its worldwide headquarters in
482:"InnoCentive Acquires OmniCompete Limited"
26:
344:
462:. Rockefeller Foundation. 23 June 2009
7:
503:
501:
499:
497:
495:
430:
428:
403:
401:
376:
374:
165:, MA and their EMEA headquarters in
671:Bishop, Michelle (February 2010).
25:
509:"InnoCentive Premium Challenges"
725:Open innovation intermediaries
333:List of crowdsourcing projects
1:
720:Social information processing
646:Bishop, Michelle (May 2009).
295:. Nearly 60% are educated to
253:InnoCentive is a SaaS-based
104:and Chief Executive Officer)
44:Crowdsourcing, Cloud Labor,
565:"Custom Challenge Programs"
143:http://www.innocentive.com/
746:
541:"Premium Challenge Types"
123:inducement prize contest
623:"InnoCentive Partners"
285:information technology
200:Rockefeller Foundation
700:InnoCentive Home Page
310:A study conducted by
230:Intellectual Property
218:Products and services
189:Eli Lilly and Company
184:Eli Lilly and Company
119:Innovation management
102:Chairman of the Board
54:innovation management
320:Return on Investment
312:Forrester Consulting
58:product development
29:
594:"InnoCentive@Work"
521:on 20 January 2022
488:. 6 February 2012.
352:Buchanan, Graham.
223:Premium Challenges
240:Custom Challenges
148:
147:
28:InnoCentive, Inc.
16:(Redirected from
737:
687:
686:
684:
682:
677:
668:
662:
661:
659:
657:
652:
643:
637:
636:
634:
633:
619:
613:
612:
610:
609:
600:. Archived from
590:
584:
583:
581:
580:
571:. Archived from
561:
555:
554:
552:
551:
537:
531:
530:
528:
526:
520:
514:. Archived from
513:
505:
490:
489:
478:
472:
471:
469:
467:
456:
450:
449:
447:
446:
432:
423:
422:
420:
419:
405:
396:
395:
393:
392:
378:
369:
368:
366:
365:
356:. Archived from
349:
249:InnoCentive@Work
70:, Indiana (2001)
30:
21:
745:
744:
740:
739:
738:
736:
735:
734:
705:
704:
696:
691:
690:
680:
678:
675:
670:
669:
665:
655:
653:
650:
645:
644:
640:
631:
629:
621:
620:
616:
607:
605:
592:
591:
587:
578:
576:
563:
562:
558:
549:
547:
539:
538:
534:
524:
522:
518:
511:
507:
506:
493:
480:
479:
475:
465:
463:
458:
457:
453:
444:
442:
434:
433:
426:
417:
415:
407:
406:
399:
390:
388:
380:
379:
372:
363:
361:
351:
350:
346:
341:
329:
305:
264:
255:open innovation
251:
242:
225:
220:
180:
155:open innovation
141:
140:InnoCentive.com
131:open innovation
110:
94:
87:
83:
82:, Massachusetts
46:Open innovation
36:Private company
23:
22:
15:
12:
11:
5:
743:
741:
733:
732:
727:
722:
717:
707:
706:
703:
702:
695:
694:External links
692:
689:
688:
663:
638:
614:
585:
556:
532:
491:
473:
451:
424:
397:
370:
343:
342:
340:
337:
336:
335:
328:
325:
304:
301:
263:
260:
250:
247:
241:
238:
224:
221:
219:
216:
179:
176:
146:
145:
138:
134:
133:
116:
112:
111:
109:
108:
105:
97:
95:
92:
89:
88:
85:
78:
76:
72:
71:
65:
61:
60:
42:
38:
37:
34:
24:
14:
13:
10:
9:
6:
4:
3:
2:
742:
731:
728:
726:
723:
721:
718:
716:
715:Crowdsourcing
713:
712:
710:
701:
698:
697:
693:
674:
667:
664:
649:
642:
639:
628:
624:
618:
615:
604:on 2017-09-15
603:
599:
595:
589:
586:
575:on 2017-09-15
574:
570:
566:
560:
557:
546:
542:
536:
533:
517:
510:
504:
502:
500:
498:
496:
492:
487:
483:
477:
474:
461:
455:
452:
441:
437:
436:"Seeker FAQs"
431:
429:
425:
414:
410:
404:
402:
398:
387:
383:
382:"Our Solvers"
377:
375:
371:
360:on 2017-09-15
359:
355:
348:
345:
338:
334:
331:
330:
326:
324:
321:
317:
313:
308:
303:Success rates
302:
300:
298:
294:
290:
286:
282:
278:
274:
273:life sciences
270:
261:
259:
256:
248:
246:
239:
237:
233:
231:
222:
217:
215:
213:
208:
204:
201:
197:
196:Spencer Trask
192:
190:
185:
177:
175:
172:
168:
164:
160:
159:crowdsourcing
156:
152:
144:
139:
135:
132:
128:
127:crowdsourcing
124:
120:
117:
113:
106:
103:
100:Craig Jones (
99:
98:
96:
90:
81:
77:
73:
69:
66:
62:
59:
55:
51:
47:
43:
39:
35:
31:
19:
681:15 September
679:. Retrieved
666:
656:15 September
654:. Retrieved
641:
630:. Retrieved
626:
617:
606:. Retrieved
602:the original
597:
588:
577:. Retrieved
573:the original
568:
559:
548:. Retrieved
544:
535:
525:15 September
523:. Retrieved
516:the original
485:
476:
466:29 September
464:. Retrieved
454:
443:. Retrieved
439:
416:. Retrieved
412:
389:. Retrieved
385:
362:. Retrieved
358:the original
347:
309:
306:
289:crop science
265:
252:
243:
234:
226:
209:
205:
193:
181:
150:
149:
75:Headquarters
68:Indianapolis
33:Company type
627:InnoCentive
598:InnoCentive
569:InnoCentive
545:InnoCentive
486:InnoCentive
440:InnoCentive
413:InnoCentive
386:InnoCentive
318:received a
287:, food and
277:engineering
212:OmniCompete
151:InnoCentive
18:Innocentive
709:Categories
632:2017-09-15
608:2017-09-15
579:2017-09-15
550:2017-09-15
445:2017-09-15
418:2017-09-15
409:"About Us"
391:2017-09-15
364:2017-09-15
339:References
281:statistics
93:Key people
269:chemistry
262:User base
50:R & D
327:See also
293:business
115:Products
41:Industry
297:Masters
178:History
163:Waltham
137:Website
80:Waltham
64:Founded
316:Essity
167:London
153:is an
676:(PDF)
651:(PDF)
519:(PDF)
512:(PDF)
171:crowd
683:2017
658:2017
527:2017
468:2014
291:and
157:and
711::
625:.
596:.
567:.
543:.
494:^
484:.
438:.
427:^
411:.
400:^
384:.
373:^
283:,
279:,
275:,
271:,
214:.
129:,
125:,
121:,
86:US
84:,
56:,
52:,
48:,
685:.
660:.
635:.
611:.
582:.
553:.
529:.
470:.
448:.
421:.
394:.
367:.
20:)
Text is available under the Creative Commons Attribution-ShareAlike License. Additional terms may apply.