INNOCENTIVEE-business

Describe the business Innocentive is an open

Innovation Marketplace. It is a place where seekers and solvers meet to create innovative solutions on companies’ challenges.

It permits to supply internal R&D department and to generate more potential ideas.

Moreover the organization provide security of the intellectual property.

Problems solved

Innocentive can acts on several domains such as Chemistry or Food & Agriculture or Life Science and others.

Innocentive helps each company which is looking for an innovative solution concerning a challenge. It permits to be faster and to concentrate the available information and knowledge. By this way it gives a gain of time and money and helps to find the best solution.

Revenue Sources

Innocentive charge a margin to the amount reserved for the solver who find the solution followed by the seeker.

Customers have to pay to post their challenge.

We can find advertising and links on the Innocentive website which are part of the revenue Sources.

Competitors

http://www.globaldevelopmentcommons.net/

« Development practitioners who are fascinated by innovations in technology and their potential for enriching people’s lives”

http://www.ideaconnection.com/

“What if you could simply access the talent you need for your challenge – and pay an amount that works for you?”

Possibility to apply this model offline? It seems possible to apply such a model

of lines, but more complicated and less interessant.

In fact by being online this model permits to link companies with solver in every part of the world. Such a model offline would imply that companies and solvers came from the same area, it limits the possibilities of solutions.

Substainable?

It is a new way to manage R&D. Seems to be substainable in a way.

But the risk is to consideraly affects the R&D in companies and the budget allowed to R&D, which could implies to loose materials to improve.

Stretch

To increase customers, I would by email datas and send advertising to companies.

To expand the revenue sources it could be interessant to work on followed project and not only one shut project. Propose package…