InnoCentive

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http://www.innocentive.com/

Last activity: 19.06.2026

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A pioneer in crowdsourced innovation, InnoCentive is the world’s leading Open Innovation marketplace. We help innovative organizations accelerate R&D, innovation, data mining & forecasting and collaborative design outcomes with our OneSmartCrowd of 500,000 global Solvers.

Key benefits include:
* 78% Success rate with our proven Challenge Driven InnovationTM
* 10x cheaper and 4x faster than traditional methods
* Unrivalled experience - 2,500 Challenges - 200,000 solutions proposed

InnoCentive is a Wazoku brand. Your enterprise solution for Idea Management & Open Innovation for Innovation at Scale. Our modular Enterprise suite of tools provides you with all the tools you need to power internal, external and open innovation across your global organization.

Key features include:
* Unique innovation at scale capability: inside-in, inside-out, outside-in software and expertise
* Enterprise-grade platform that’s secure, flexible, modular and integrated across the enterprise technology stack
* Proven ROI of 182% in under 2 months through our CDI™ methodology
* The world’s largest on-demand innovation community of almost 500,000 innovators

To date we have conducted over 2,500 external Challenges for organizations including NASA, DARPA, Thomson Reuters, AstraZeneca, GSK, Anheuser-Busch InBev, and Ford Motors.

Unleash unlimited innovation capacity and be part of solving the world’s biggest challenges.

Follow us - InnoCentive
Blog: blog.innocentive.com
Facebook: facebook.com/InnoCentive
Twitter: twitter.com/InnoCentive

Follow us - Wazoku
Blog: blog.wazoku.com
Facebook: facebook.com/wazokuhq
Twitter: twitter.com/WazokuHq

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Likes

12.63K

Website visits

2.3K /mo.

Mentions

Overview

Location

United Kingdom, England, City of London

Employees

51-200

Phone

+1 413-213-4979

Total raised

$13.5M

Founded date

2001

Funding Rounds 2

Date	Series	Amount	Investors
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May 7, 2008	Funding round	$6.5M

Mentions in press and media 50

Date	Title	Description
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Jun 11, 2026	Wazoku and Nterprisers partner to bring world-class innovation expertise to U.S. manufacturing	Simon Hill, CEO, Wazoku Wazoku’s open innovation network and Nterprisers’ manufacturing connection and intelligence platform give SME manufacturers access to enterprise innovation Manufacturing is now in an era where visibility and innovati...
Apr 29, 2026	Wazoku launches Total Innovation Licence - one licence, unlimited users, and every innovation type in one single system	Simon Hill, CEO, Wazoku New model eliminates per-seat pricing and fragmented tools to give organisations a single, measurable innovation capability at enterprise scale Innovation rarely fails because organisations lack ideas. It fails becau...
Feb 10, 2026	German innovator wins NICE innovation challenge, secures $40,000 fund to advance breakthrough maritime maintenance tech	Characterisation Rig Innovation winner presents low-cost ship shaft bearing clearance monitoring system following global scouting, evaluation and partner selection This programme shows what happens when innovation is treated as an end-to-en...
Jul 10, 2025	2025 GPIW $1.8M prize calls on global innovators to address the water crisis	Simon Hill, CEO, Wazoku Wazoku’s Innocentive open innovation community to crowdsource solutions to address water access and sustainability Water scarcity is a global crisis affecting more than two billion people – one of the planet’s most p...
Jun 26, 2025	Wazoku partners with Lumina Foundation to launch global challenge on the value of education after high school	Simon Hill, CEO, Wazoku $15,000 prize to be awarded for innovative models that quantify the return on higher education Education systems are under pressure globally to justify their value, not just to students, but to society.” — Simon Hill...
Aug 18, 2022	Инновационная пасека, или клуб инновационных решений	Вместо введения Как обычно говорят на встречах не совсем анонимных разработчиков, меня зовут Александр Ткачук, и я уже более 20 лет тружусь на благо компании ЭНИМЦ "Моделирующие Системы", разрабатывая программное обеспечение. Откр...
May 6, 2021	Blue Globe Innovation and Wazoku launch Bounce Back Challenges, dedicated to covid-19 resilience and recovery, launch worldwide	LONDON, May 6, 2021 /PRNewswire/ -- Blue Globe Innovation and Wazoku are proud to announce the launch of Bounce Back Challenges, a set of open innovation challenges dedicated to adapting and thriving in the new reality posed by COVID-19 #bo...
Feb 16, 2016	Three big innovations that were discovered by accident	By John Bessant, University of Exeter Accidents will happen – and as far as innovation is concerned, that’s a good thing. While much of any business person’s attention is focused on bringing new ideas to market or making systematic and stra...
Sep 11, 2015	Civic crowdfunding will challenge governments and charities	The online crowdsourcing of ideas and capital has transformed business tasks such as innovation, technical problem solving and product design. It has also revolutionised startup financing and scaled peer-to-peer lending. What was once in th...
Jul 29, 2015	Competition calls for innovative fish tracking tech	Seafood technologists take heed: The U.S. Bureau of Reclamation has launched its very first Prize Challenge Competition, and is seeking innovative fish tracking technologies for which it has allotted USD 20,000 (EUR 18,254) in prize money. ...
Jul 17, 2015	$1m healthcare innovation award launched	The healthcare innovation award hopes to identify and support innovations that are most effectively helping to strengthen health systems. Research-based pharmaceutical and healthcare company GSK and non-governmental organisation Save the Ch...
Jan 13, 2015	The 8 categories of crowdsourcing in healthcare	Crowdsourcing involves soliciting input, ideas, services and capital from online communities as opposed to traditional suppliers. Its beauty lies in the ability to harness large and diverse groups who are primarily volunteers and part time ...
Mar 10, 2014	Healthcare crowdsourcing startup wants to reward patient insights	Fellgett told MedCity News that CreateHealth.io hopes the platform will offer the life science industry a way to have a more open dialogue with patients without the risk of violating U.S. Food and Drug Administration regulations. “One of th...
Mar 10, 2014	NASA finds big payoffs in crowdsourcing	Crowdsourcing is an important trend, and it’s not just for pooling together knowledge on a wiki page. In fact, it’s proving extremely valuable for researchers. At NASA, for example, we are working to more effectively harness the expertise, ...
Nov 28, 2013	In Search Of A Co-Founder: The Importance Of Teaming Up	Innovation does not occur by the individual. You need a team effort to push an idea through the innovation funnel and turn it, eventually, into an implemented product or service. The team does not necessarily have to be the same over the wh...
May 18, 2013	Краудсорсинг на пальцах	Яўген Клішэвіч 18 мая 2013, 13:13 Краудсорсинг на пальцах Оставить комментарий
Oct 23, 2012	Marblar turns open innovation upside down, giving dormant university technology a second chance	Marblar.com is a place where university technology transfer offices can share their abandoned or dormant scientific discoveries, and where budding scientists can go to collaborate and compete to come up with the best application of the tech...
Aug 31, 2012	Open innovation is no longer a rallying cry in healthcare — it’s a movement	It just makes sense Karim Lakhani, an assistant professor of business at Harvard University who has focused on open-source innovation in his research, said that many of today’s problems in the life sciences lend themselves well to being sol...
Aug 15, 2012	How to Crowdsource Without Being a Jerk – Or an Idiot	In the six years since Jeff Howe coined the term ‘crowdsourcing’ in Wired Magazine, the phenomenon has grown into several distinct, maturing industries that give businesses and workers almost limitless flexibility. But crowdsourcing also si...
Dec 23, 2011	Gamification is Helping Drive Web 2.0’s $400 Million Future	The Web health space is expected to see revenues quadruple to $400 million by 2016, and much of that growth could come from companies selling gamification services. This week, Keas, a firm co-founded by former Google Health chief Adam Boswo...
Nov 14, 2011	CEA keeps up search for cheap, safe way to recycle old monitors, TVs	The Consumer Electronics Association (CEA) and Environmental Defense Fund (EDF) on Monday officially opened a 30-day contest called the “The Cathode Ray Tube (CRT) Challenge: New Uses for Recycled Glass.” The CEA and EDF are looking for an ...
Jul 12, 2011	Open innovation comes to Cleveland Clinic with $30K microsensor challenge	“Finding new and better ways to advance research is a key mission for us,” said Paul DiCorleto, chairman of Cleveland Clinic’s Lerner Research Institute. “We look forward to utilizing the advantages that exist with open innovation.” Open in...
Jan 19, 2011	Eyeka launches in the US so big brands can crowd-source creative feedback	One year ago, French startup Eyeka announced that it had raised €3 million ($4 million) to take its online alternative to the traditional focus group international. The company had raised €8 million to date and had already opened offices in...
Dec 30, 2010	OpenInvo: A Marketplace For Innovation	Have a great idea, but don’t have the time or money to actually bring it to market? A new startup called OpenInvo wants to help you turn it into a nice chunk of change by selling it to existing businesses that are looking for an extra dose ...
Sep 12, 2010	Can Russia Build A Silicon Valley?	A few months ago, I wrote about why I believed that Russia’s planned “science city” was destined for failure, in my BusinessWeek column. I predicted that it would follow the path of the hundreds of cluster development projects before it. Po...
May 27, 2010	ChallengePost Becomes A Government Contractor	Can we get better government through game mechanics? We are about to find out. Today, ChallengePost was named the official online “challenge platform” of the U.S. federal government. Any government agency that wants to run a challenge to ge...
May 13, 2010	The lazy CEO’s 10-step guide to crowdsourcing every business task	Lukas Biewald (pictured left) is cofounder and chief executive of CrowdFlower, a startup that helps businesses crowdsource small tasks. Vaughn Hester (pictured below) is an account manager/analyst at CrowdFlower. Whether you are starting a ...
Apr 26, 2010	How Sharing Increases Innovation	Share Share on Facebook Share on Twitter LinkedIn Email Reprints I believe there is a strong tie between sharing and the ability to innovate. This post will walk you through the logic. Innovation is built on these things: 1. The existence o...
Apr 7, 2010	Quirky Raises $6 Million For Social Product Development Platform	Quirky, a social network for product development, has raised $6 million in Series A funding led by RRE Ventures, with Village Ventures, Contour Venture Partners, Lowercase Capital and a small group of angel investors participating in the ro...
Sep 23, 2009	DEMO: GuruStorms crowdsources ideas from experts	GuruStorms helps businesses crowdsource ideas and offers rewards of up to $5,000 for responses from highly specialized experts. The company is launching at this week’s DEMOfall 09 conference. Here’s how it works: A business sets up a challe...
Aug 17, 2009	Innocentive Raises $7M—One More Time—to Keep Building Problem-Solving Network	Share Share on Facebook Share on Twitter LinkedIn Email Reprints In a development that may cause déjà vu for anyone who read my May 2008 story about Waltham, MA-based Innocentive raising approximately $7 million as part of a Series B fundin...
Jun 29, 2009	ChallengePost rewards problem-solvers	Similar to InnoCentive, new site offers cash awards for innovative solutions to problems Have you recently thought up an excellent plan for terraforming Mars? Are you a politically-minded person prepared to completely rethink the New York S...
Jun 1, 2009	Quirky Is A Social Network For Product Development	Have you ever thought of a quirky but innovative product that might be useful to the masses but didn’t follow through with the idea? Sometimes these flashes of genius get lost in the shuffle. Startup quirky is hoping to be the platform for ...
Feb 11, 2009	Find Your Perfect (Business) Match	February 11, 2009 5 min read Opinions expressed by Entrepreneur contributors are their own. Ah, Valentine's Day, when thoughts turn to finding that proverbial knight in shining armor or the princess whose foot perfectly fits the glass slipp...
Jan 26, 2009	How Can Web Tech Help Enterprises with Innovation Management?	In his book The Innovator’s Dilemma, Professor Clayton Christensen of Harvard Business School describes the theory of how large outstanding firms can fail “by doing everything right.” The innovator’s dilemma, according to Christensen, affec...
Oct 30, 2008	Sourcing the Right Crowd	Share Share on Facebook Share on Twitter LinkedIn Email Reprints Commercialization is rarely a solitary pursuit; bringing an idea to the world requires a set of diverse skills and knowledge, a proverbial commercialization village. Or a crow...
Jul 22, 2008	Kluster Launches Private Survey Manager	Kluster, the crowd sourcing startup that launched earlier this year, has introduced support for new private Klusters designed to help groups manage decision making. Each Kluster offers users a chance to ask a group a question (say, “What fe...
May 7, 2008	InnoCentive Raises $6.5 Million for Innovation Network: “Ready for Prime Time,” says CEO in Our Q&A	Share Share on Facebook Share on Twitter LinkedIn Email Reprints There’s endless debate about how to encourage more innovation inside technology companies. But in Waltham, MA, there’s a startup that says, in effect, don’t bother: innovation...
May 7, 2008	InnoCentive, a place to solve research problems, gets boost	InnoCentive, a company that lets businesses post research problems for others to solve, has raised $6.5 million in a second round of venture capital. Dwayne Spradlin is the CEO of the Waltham, Mass., spin-off from Eli Lilly. Spradlin calls ...
Feb 18, 2008	Vator Box: Match.com founder Gary Kremen helps us rate ShareThis, Genius Rocket, T5M Gary Kremen	Welcome to our version of "Siskel & Ebert" meets "American Idol." We call it Vator Box, and this is our third show. The Box is where we sit around the table with an outside expert and rate pitches on Vator. In this e...
Feb 18, 2008	First Look: Kluster's Market Approach to Crowdsourcing	Crowdsourcing may work for Wikipedia, but few commercial companies have figured out how to make it work for them. The basic concept is to get outsiders, preferably customers, to swarm together to design a product or complete some other proj...
Sep 4, 2006	Google turns to crowdsourcing with image labeler	reader comments with 0 posters participating Share this story Share on Facebook Share on Twitter Share on Reddit Google hopes to improve the quality of image search results by leveraging the power of its massive audience. The newly launched...
	Analytics firm wants to help pharma improve the odds on “go/no go” decision with new drugs	There’s a lot of money at stake when pharmaceutical companies are developing a drug with blockbuster potential. MedeoLinx Inc. wants to improve the odds. The Indianapolis bioanalytical CRO says its informaticians and medical scientists can ...
	Marblar turns open innovation upside down, giving dormant university technology a second chance	We all get the gist of crowdsourcing challenges that populate sites like InnoCentive and OpenIDEO — here’s a problem, let’s pose it to as many different minds as we can to find the best possible solutions. But a site just launched by four P...
	Open innovation is no longer a rallying cry in healthcare — it’s a movement	It’s become a staple in the software industry. The telecommunications industry has done it. The automobile industry is doing it. And now, the healthcare industry as a whole has adopted the practice of open innovation — and it’s doing it wit...
	Healthcare crowdsourcing startup wants to reward patient insights	CreateHealth.io is developing a patient-driven platform to solve medical challenges faced by healthcare and life science industry companies as well as by patients. The move could change how we think of crowdsourcing in healthcare. The twist...
	The 8 categories of crowdsourcing in healthcare	In 2012, we authored a report titled The Evolving Business Case for Social Media in Healthcare – a publication covering the range of social media influences on the industry. These influences were essentially cloud-based approaches to sharin...
	Open innovation comes to Cleveland Clinic with $30K microsensor challenge	Embracing the open innovation trend, Cleveland Clinic has issued to the public a $30,000 challenge to design a surgically implantable microsensor to monitor the healing of soft tissue. The microsensor challenge is the first of what’s slated...
	У Новаторов могут быть сети…	Куда пойти изобретателю? Можно продавать то, что придумал. Внезапно. Столкнулся с проблемой, искал решения и не нашёл — сам решил. Почему бы не заработать? Но как это сделать, чтобы продать идею, а не позволить её украсть? 0 Обсудить 6 прос...

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FAQ about InnoCentive

When was InnoCentive founded?

InnoCentive was founded in 2001.

How much funding has InnoCentive raised?

InnoCentive has raised $13.5M in total across 2 funding rounds.

What funding rounds has InnoCentive raised?

Parsers VC lists 2 funding rounds of InnoCentive, among them a funding round of $6.5M on May 7, 2008.

What has the press written about InnoCentive?

Parsers VC has collected 50 articles mentioning InnoCentive, among them “Wazoku and Nterprisers partner to bring world-class innovation expertise to U.S. manufacturing” (Jun 11, 2026) and “Wazoku launches Total Innovation Licence - one licence, unlimited users, and every innovation type in one single system” (Apr 29, 2026).

Is InnoCentive still active?

Yes, InnoCentive is active; its latest activity on Parsers VC dates from Jun 19, 2026.