InnoCentive Solver Network Passes 300,000 Registered Members Milestone

InnoCentive is now part of Wazoku

Waltham, MA – InnoCentive, Inc., the global leader in open innovation, crowdsourcing, and prize competitions, today announced significant traction for the company’s Global Solver Community, with 300,000 individuals from more than 200 countries now registered to generate novel ideas and find creative solutions to some of the world’s most pressing problems. Additionally, more than 500,000 project rooms – where Solvers review information about a Challenge, ask questions, and submit their ideas and solutions – have now been opened.

InnoCentive’s Solvers are well-versed in a wide variety of disciplines, including business and entrepreneurship, engineering and design, food and agriculture, information technology, life sciences and health, mathematics and data analysis, and physical sciences. More than 60 percent of Solvers have earned a Master’s Degree or PhD in their field. In addition to InnoCentive’s registered community of 300,000 Solvers, more than 50 unique customers have increased their reach to millions of potential Solvers through InnoCentive’s strategic partnerships with organizations such as Nature Publishing Group and Scientific American.

InnoCentive has worked with hundreds of organizations across a wide range of sectors and industries, including agri-sciences, chemicals, consumer goods, education, food and beverage, government and the public sector, healthcare, life sciences, manufacturing, technology, and non-profits. The company has now posted more than 1,650 public Premium Challenges valued at more than $40 million, awarded more than 1,500 cash prizes to Solvers, and achieved an 85 percent success rate for Challenges.

“As the pioneer in crowdsourcing innovation problems to a world of on-demand talent, InnoCentive is proud to engage some of the most creative minds of our time, including engineers, scientists, inventors, and business people from all around the world,” said Craig Jones, Executive Chairman of InnoCentive. “Every day our Solvers have the opportunity to not only help the organizations with which we work, but challenge themselves to earn rewards for solving important problems. The growth in our Solver community, combined with an unprecedented 85 percent success rate for Challenges that we develop and host, demonstrates the effectiveness of our model in driving tangible results for our clients.”

About InnoCentive

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. Our global network of millions of problem solvers, proven challenge methodology, and cloud-based innovation management platform combine to help our 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. For more information, visit www.innocentive.com, email info@innocentive.com, or call 1-855-CROWDNOW (U.S.) or +44 (0) 207 224 0110 (International).

Media Contacts:

Steve Bonadio
InnoCentive, Inc.
978-482-3300
press@innocentive.com

Kiley Nichols
Schwartz MSL for InnoCentive
415-512-0770
innocentive@schwartzmsl.com