Planbox, a pioneer in cloud-based AI-powered agile innovation management platforms, today announced that it has acquired IdeaConnection, an open innovation platform, and marketplace. This is the fourth acquisition for Planbox since 2015 as it continues to develop and lead with the most comprehensive agile innovation management solution in the market. Planbox will now further extend and distinguish its solution by including IdeaConnection’s open innovation platform and highly skilled, vast and far-reaching expert problem-solver network in its Agile Innovation Suite offering.
“The world is facing unprecedented social, technological and global disruption which has caused massive turbulence and great challenges across all sectors. Companies face pressing demands for solutions to complex problems. We give businesses access to the world’s most creative and innovative minds who work collaboratively to solve problems and develop innovations,” said Scott Wurtele, CEO of IdeaConnection. “Our motto is multidisciplinary teams solve problems.”
IdeaConnection has a long-standing record as a trusted open innovation partner for some of the world’s most recognized brands with a reputation for running completely confidential challenges with pre-screened candidates under NDA. Hand-picked teams of diverse experts are selected to develop innovative solutions and alleviate the burden on the client who has to choose from a select number of proposed solutions. This unique confidential challenge service provides the perfect platform for solving critical path problems quickly by de-risking a part of the discovery and research stages of problem-solving and new innovation activities.
IdeaConnection gives organizations the tools to discover, invent and explore the technologies and processes that will shape tomorrow’s world. The virtual workforce of 20,000+ experts, thought leaders, scientists and innovators across 180+ countries is ready to help by working together and delivering the innovations that are needed right now. The emphasis is on the quality of the contributors in the network who are heavily screened, continuously vetted and reviewed by customers to ensure only top-notch solvers are invited to participate, all of which contribute to IdeaConnection’s industry-best 80% solver rate, an unparalleled figure that speaks to the volume of challenges solved through the network.
“The global collaboration between public and private organizations all across the world to defeat this health pandemic is a great example of what can be achieved when the world’s best minds come together to solve a problem,” said Ludwig Melik, CEO of Planbox. “IdeaConnection has built its business on establishing the most impressive network of expert knowledge over the last decade based on this premise. Now, by combining IdeaConnection with Planbox, we are launching a unique innovation platform AND marketplace that can provide any organization with an end-to-end experience to discover the best opportunities, solve the toughest problems and deliver the most incredible solutions.”
IdeaConnection has been solving problems since 2007 by assembling carefully built multidisciplinary teams led by world-class facilitators. These expert teams develop intensely researched and highly innovative solutions. Using this approach, IdeaConnection has achieved a best-in-class solve rate for thousands of problems ranging from food science, chemistry, engineering, biology, manufacturing, crop science, packaging, artificial intelligence, machine learning, big data, consumer products and hundreds of other areas of expertise. It has also built a network of networks with thousands of relationships for prior art citation searches on a contingency basis. Customers can gain unprecedented access to source emerging technology leads through a global network, actively and continually researching for potential opportunities that turn the conventional method companies pursue on its head.
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