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What does INNOCENTIVE stand for?
What does INNOCENTIVE mean? This page is about the various possible meanings of the acronym, abbreviation, shorthand or slang term: INNOCENTIVE.
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What does INNOCENTIVE mean?
- InnoCentive
- InnoCentive is an open innovation and crowdsourcing company with its worldwide headquarters in Waltham, MA and their EMEA headquarters in London, UK. They enable organizations to put their unsolved problems and unmet needs, which are framed as ‘Challenges’, out to the crowd to address. In the case of InnoCentive, the crowd can either be external (i.e., their network of over 380,000 problem solvers) or internal (i.e., an organization's employees, partners or customers). Awards, typically monetary, are given for submissions that meet the requirements set out in the Challenge description. The average award amount for a Challenge is $20,000 but some offer awards of over $100,000. To date, InnoCentive have run over 2,000 external Challenges and over 1,000 internal Challenges, awarding over $20 million in the process.
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"INNOCENTIVE." Abbreviations.com. STANDS4 LLC, 2024. Web. 20 Sep. 2024. <https://www.abbreviations.com/INNOCENTIVE>.
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