How does InnoCentive work?

InnoCentive specializes in connecting Seekers – commercial enterprises, public sector agencies and nonprofit organizations – to problem Solvers to help solve their most pressing problems and innovate faster and better. Put simply, we enable prize-based competitions whereby organizations can post their toughest Challenges to diverse audiences – employees, partners/customers, or our global network of 400,000+ InnoCentive problem Solvers – who try to solve them. Depending on the audience, Challenges often carry financial incentives to generate Solver interest and participation, and the management of intellectual property (IP) is of paramount importance.