What is an Open Innovation Platform?
An open innovation platform is a collaborative platform that connects individuals, organizations, and businesses worldwide to collaborate on innovative projects. These platforms allow users to share ideas, resources, and expertise to solve complex problems and drive innovation. Companies can use open innovation platforms for crowdsourcing ideas, collaborating with external partners, and accessing a global network of innovators. This open approach to innovation can help companies stay competitive, accelerate product development, promote continuous improvement, and bring new ideas to market faster.
Benefits
There are several benefits to using an open innovation platform, including:
Engagement with larger audiences – Open innovation platforms allow companies to reach a larger audience, including customers, employees, and external partners. This approach can bring more diverse and innovative ideas.
Increased pace of innovation – By tapping into a global network of innovators, companies can accelerate innovation and bring new ideas to market faster.
Cost-effective – Open innovation platforms offer companies an affordable way to access external knowledge and resources without investing in expensive R&D processes.
Access to diverse perspectives – Collaborating with individuals from different backgrounds, industries, and cultures can bring new perspectives and ideas.
Improved problem-solving – Open innovation platforms allow for a diverse range of skills, knowledge, and expertise to be combined, leading to more effective problem-solving.
Key Features
When selecting an open innovation platform, companies should consider the following key features:
Collaboration tools
Data analysis and reporting tools
Support for multiple project stages
Scalability to accommodate growth
Mobile accessibility
Secure data handling and privacy settings
Multilingual support
Idea tracking and management
Choosing the Best Open Innovation Platform
Selecting your company’s open innovation platform depends on several factors, including your specific goals and needs. Some platforms may offer more robust collaboration tools, while others may have better data analysis capabilities. The following table concisely overviews the best open innovation platform, highlighting free versions, pricing, and mobile app availability to help with the decision-making process:
Open Innovation Platform | Free Version | Paid Plan | Mobile App |
SafetyCulture | Yes | $24/user/month* | Yes |
Traction Technology | None | Contact vendor for pricing | None |
SwitchPitch | None | Contact vendor for pricing | None |
Wazoku | None | Custom pricing | Yes |
Accept Mission | None | €60 (~$64)/month* | Yes |
Brightidea | None | $59/month | None |
Planview Platform | None | Contact vendor for pricing | None |
Nosco | None | Contact vendor for pricing | None |
Qmarkets | None | Custom pricing | None |
Ideanote | Yes | $49/month* | Yes |
* billed annually