Company
Today, InnoCentive is a privately held, venture-backed firm. Based near Boston, Massachusetts, the company has posted more than 1,500 Challenges to its Global Solver Community, in addition to hundreds of internal Challenges – those targeted at private communities such as employees – executed by customers. InnoCentive currently enables Challenges in a wide variety of disciplines, including Business and Entrepreneurship, Chemistry, Computer/Information Technology, Engineering and Design, Food and Agriculture, Life Sciences, Math and Statistics, and Physical Sciences.
InnoCentive's Solver community consists of over 270,000 individuals from more than 170 countries, with an added reach of 12+ million through strategic partnerships with organizations including The Economist, Nature Publishing Group, and Popular Science. The cash awards for solving challenge problems are typically in the $10,000 to $100,000 range.
InnoCentive's customers include commercial, government and non-profit organizations, from Procter & Gamble, Dow AgroSciences and Eli Lilly and Company to the Air Force Research Lab, NASA and the Rockefeller Foundation.
The following table gives some company stats as of November, 2012:
| Revenue | $10M+ |
| Total Registered Solvers | More than 270,000 from nearly 200 countries |
| Total Solver Reach | 12 million+ through strategic partners (e.g., Nature Publishing Group, Popular Science, The Economist) |
| Total Challenges Posted | 1,500+ External Challenges & hundreds of Internal Challenges (employee-facing) |
| Total Solution Submissions | 34,000+ |
| Total Awards Given | 1,300+ |
| Total Award Dollars Posted | $37 million+ |
| Range of awards | $500 to $1 million+ |
Read more about this topic: Inno Centive
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