InnoCentive

Innovation Scale-Up Wazoku Agrees Acquisition of UK Idea Management Platform, Idea Drop

Retrieved on: 
Tuesday, January 24, 2023

LONDON, England, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has announced the signing of a binding agreement to acquire UK idea management platform, Idea Drop .

Key Points: 
  • LONDON, England, Jan. 24, 2023 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has announced the signing of a binding agreement to acquire UK idea management platform, Idea Drop .
  • Idea Drop clients will now get to benefit from the Wazoku Innovation_360 suite of innovation tools.
  • "The Idea Drop agreement, along with our 2022 acquisition of Mindpool, is all part of our innovation at scale vision and continues our mission to change the world, one idea at a time," continued Simon Hill, CEO, Wazoku.
  • For further information about Wazoku, visit https://www.wazoku.com
    For further information about Idea Drop, visit https://ideadrop.co/

MIT Center for Collective Intelligence's Climate CoLab spins out and migrates to Wazoku's global Challenge Community InnoCentive

Retrieved on: 
Tuesday, August 9, 2022

CAMBRIDGE, Mass., Aug. 9, 2022 /PRNewswire/ -- The MIT Center for Collective Intelligence (CCI) today announced that its Climate CoLab—a global platform that crowdsources new ideas to address climate change—has spun out and migrated to Wazoku's global Challenge Community InnoCentive, a 500,000-plus community that works together to problem-solve pressing global sustainability issues.

Key Points: 
  • Climate CoLab's mission of hosting a worldwide community to create actionable climate change solutions to continue and expand to an even larger online, global community
    CAMBRIDGE, Mass., Aug. 9, 2022 /PRNewswire/ -- The MIT Center for Collective Intelligence (CCI) today announced that its Climate CoLab a global platform that crowdsources new ideas to address climate changehas spun out and migrated to Wazoku's global Challenge Community InnoCentive , a 500,000-plus community that works together to problem-solve pressing global sustainability issues.
  • By joining forces, MIT's Climate CoLab and Wazoku's InnoCentive will find solutions for global sustainability issues.
  • With 120,000 members Climate CoLab has since grown into the world's largest crowdsourcing platform for developing climate change solutions.
  • "Our global clients are increasingly interested in the issue of climate change," said Simon Hill , CEO of Wazoku.

Wazoku Secures $2M in Growth Financing From SaaS Capital

Retrieved on: 
Wednesday, March 16, 2022

CINCINNATI, March 16, 2022 (GLOBE NEWSWIRE) -- SaaS Capital , the leading provider of growth debt to software-as-a-service (SaaS) companies, today announced that it has provided a $2.0 million line of credit to Wazoku .

Key Points: 
  • CINCINNATI, March 16, 2022 (GLOBE NEWSWIRE) -- SaaS Capital , the leading provider of growth debt to software-as-a-service (SaaS) companies, today announced that it has provided a $2.0 million line of credit to Wazoku .
  • "We have been fans of SaaS Capital from afar for years; it's great to now be working alongside the team at this exciting time of growth for Wazoku."
  • SaaS Capital is the leading provider of growth debt designed explicitly for B2B SaaS companies.
  • SaaS Capital was the first to offer lending alternatives to SaaS businesses based on their future recurring revenue.

Global Innovation Management Market to Surpass US$ 2.6 Billion by 2030, Says The Brainy Insights

Retrieved on: 
Tuesday, February 22, 2022

The management of innovation processes and change management are combined in innovation management.

Key Points: 
  • The management of innovation processes and change management are combined in innovation management.
  • Innovation management is a business discipline that tries to help an organisation develop a long-term innovation process or culture.
  • Collaboration of innovation management software with enterprise social platforms and social media platforms will create wide opportunities for market growth in upcoming years.
  • Middle East and Africa (UAE, South Africa, Rest of MEA)
    North America region emerged as the largest market for the global innovation management market with a 35.7% share and a market value of around 0.39 billion in 2020.

Global Innovation Management Market to Surpass US$ 2.6 Billion by 2030, Says The Brainy Insights

Retrieved on: 
Tuesday, February 22, 2022

The management of innovation processes and change management are combined in innovation management.

Key Points: 
  • The management of innovation processes and change management are combined in innovation management.
  • Innovation management is a business discipline that tries to help an organisation develop a long-term innovation process or culture.
  • Collaboration of innovation management software with enterprise social platforms and social media platforms will create wide opportunities for market growth in upcoming years.
  • Middle East and Africa (UAE, South Africa, Rest of MEA)
    North America region emerged as the largest market for the global innovation management market with a 35.7% share and a market value of around 0.39 billion in 2020.

Wazoku Continues Global Expansion After Strengthening Latin American Presence

Retrieved on: 
Tuesday, October 26, 2021

LONDON, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has continued its global expansion and extended its reach into Latin America with the acquisition of Colombian open innovation crowd Channge.

Key Points: 
  • LONDON, Oct. 26, 2021 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has continued its global expansion and extended its reach into Latin America with the acquisition of Colombian open innovation crowd Channge.
  • The move means Wazoku is even better positioned to meet the needs of its global clients and continues to build out the InnoCentive crowd in the hugely important Latin American region, a core part of its One Smart Crowd strategy.
  • "LatAm is a hotbed for innovation and tech development, and we've strengthened our local presence as part of our ambitious global plans.
  • The Channge acquisition further strengthens Wazoku's presence in Latin America, following its Q4 2020 partnership with innovation consultancy Transforme , which brought Wazoku's platform and services to enterprises across Latin America.

Wazoku Cited in Gartner Hype Cycle for Innovation Management Techniques, 2021

Retrieved on: 
Friday, September 3, 2021

LONDON, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has been cited in the Gartner Hype Cycle for Innovation Management Techniques, 2021, acknowledged in the open innovation and idea management sections.

Key Points: 
  • LONDON, Sept. 03, 2021 (GLOBE NEWSWIRE) -- Innovation scale-up Wazoku has been cited in the Gartner Hype Cycle for Innovation Management Techniques, 2021, acknowledged in the open innovation and idea management sections.
  • Each one focuses on a key element of Wazoku's Enterprise Innovation Platform , the Open Innovation Marketplace and Innovation Management Software.
  • "Our integrated Enterprise Innovation Platform is a complete enterprise innovation offering, uniquely suited to helping organisations achieve sustainable innovation at scale," said Simon Hill, CEO, Wazoku.
  • The Gartner citations come after Wazoku was recently positioned as a leader in theQuadrant Knowledge SolutionsSPARK Matrix: Innovation Management, 2021.

InnoCentive Launches World Vision Challenge to Attract Additional Investment in Clean Water, Sanitation, and Hygiene

Retrieved on: 
Friday, July 16, 2021

The challenge - Leveraging Funds to Increase Investment in Water, Sanitation, and Hygiene - seeks written responses that both expand on existing financing techniques for WASH investment and generate entirely new ideas.

Key Points: 
  • The challenge - Leveraging Funds to Increase Investment in Water, Sanitation, and Hygiene - seeks written responses that both expand on existing financing techniques for WASH investment and generate entirely new ideas.
  • "Our five-year plan (2021-2025) projects World Vision will raise US$1 billion for investment into WASH services for low- and middle-income countries.
  • "World Vision is searching for business-model innovation in what I think of as a 'feeding the 5,000' kind of problem.
  • For further information about Wazoku, https://www.wazoku.com
    For further information about InnoCentive, https://www.innocentive.com/
    For further information about SeaFreight Labs, https://www.seafreightlabs.com/
    For further information about World Vision, https://www.worldvision.org/

InnoCentive Launches Open Innovation Challenge With Shell GameChanger to Help Decarbonize the Chemical Industry

Retrieved on: 
Friday, July 2, 2021

The challenge for the industry is to decrease the carbon footprint whilst satisfying an increasing demand at an affordable price.

Key Points: 
  • The challenge for the industry is to decrease the carbon footprint whilst satisfying an increasing demand at an affordable price.
  • InnoCentive, a Wazoku brand, is the Open Innovation Marketplace component of Wazoku's Enterprise Innovation Platform, a suite of tools to power innovation at scale across global enterprises.
  • Reducing carbon in the production of chemicals is a technical challenge but one to which open innovation is especially suited," said Simon Hill, CEO, Wazoku.
  • It has a strong record in addressing the world's biggest challenges, so I am confident that they can help Shell on this current challenge."

InnoCentive Launches World Vision Challenge to Revolutionise Process for Counting of Improved Latrines

Retrieved on: 
Thursday, June 10, 2021

LONDON, June 10, 2021 /PRNewswire/ -- Open innovation firm InnoCentive is supporting Christian humanitarian organisation World Vision on a new challenge to find dramatically better ways of counting the number of improved latrines in a community or district.

Key Points: 
  • LONDON, June 10, 2021 /PRNewswire/ -- Open innovation firm InnoCentive is supporting Christian humanitarian organisation World Vision on a new challenge to find dramatically better ways of counting the number of improved latrines in a community or district.
  • The challenge - Efficient and Reliable Counting of Improved Latrines - is seeking ways of counting the number of improved latrines in a region.
  • "Effective sanitation is essential, and crowdsourcing will play an important role in helping World Vision to meet this RTP (reduction to practice) Challenge."
  • For further information about Wazoku, https://www.wazoku.com
    For further information about InnoCentive, https://www.innocentive.com/
    For further information about SeaFreight Labs, https://www.seafreightlabs.com/
    For further information about World Vision, https://www.worldvision.org/