What is an InnoCentive eRFP Challenge?

An eRFP is an electronic Request for Partners or suppliers to provide materials or expertise to help solve a business Challenge. Seekers use the InnoCentive marketplace to find businesses or consultants that have already developed the technology they need or have the experience to help them develop it. Unlike other Challenges where a cash award is granted for the winning solution, eRFP winners typically negotiate the terms of the contract directly with the seeking organization.