InnoCentive was founded in 2001 to help companies innovate better.

InnoCentive built the first global Web community for open innovation, enabling scientists, engineers, professionals and entrepreneurs to collaborate to deliver breakthrough solutions for R&D-driven organizations. InnoCentive Seekers, who collectively spend billions of dollars on R&D, submit complex problems to the InnoCentive marketplace where more than 180,000 engineers, scientists, inventors, business people, and research organizations in more than 175 countries are invited to solve them. Solvers who deliver the most innovative solutions receive financial awards ranging up to US$1,000,000.

InnoCentive’s Seekers include commercial, government and non-profit organizations including Avery Dennison, SAP, Procter & Gamble, Pendulum, Eli Lilly and Company, Janssen, Solvay and The Rockefeller Foundation. InnoCentive@Work, InnoCentive’s Software as a Service offering, helps organizations make the most of internal resources by uniting experts from all areas of a company in an open innovation environment that encourages cross-fertilization of ideas. InnoCentive makes it easy to get up to speed on either product with ONRAMP, an extensive set of tools, expertise and best practices designed to accelerate success.

InnoCentive’s strategic consulting offering helps organizations benchmark their open innovation readiness, develop custom innovation approaches learn how best to engage in the cultural and process changes necessary to be successful. For more information on InnoCentive, go to: http://www.innocentive.com/.