Planbox Acquires IdeaConnection, the Best-in-Class Open Innovation Expert Solver Network
May 12, 2020
WILMINGTON, Del. - May 12, 2020 - (Newswire.com)
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, which recently received the highest scores in strategy and current offering in The Forrester Wave™: Innovation Management Platforms, Q1 2020, 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.
Planbox customers can now fully leverage IdeaConnection’s range of open innovation services to:
- Solve the most difficult problems confidentially with prize-based challenges that include IP transfer
- Increase success by leveraging our technical writing and design services to help create a well-crafted and appropriately packaged challenge statement that breaks down the problem and greatly increases success rates
- Collaborate with the world through global crowdsourcing to find solutions through open innovation
- Augment the technology scouting team’s reach and results through a worldwide network to identify emerging technologies that support desired business outcomes
- Boost the speed and efficiency for prior art citation search through a crowdsourced approach that goes beyond traditional digital search mechanisms
- Tap into the right skilled experts at the right time for staff augmentation
Visit www.ideaconnection.com to learn how to better tackle and solve the next innovation challenge by leveraging the Planbox Innovation Marketplace with the new and unique IdeaConnection service that brings together seekers and solvers from across the globe.
Click here to view the official press release on Planbox.
About Planbox:
Planbox’s AI-powered Agile Innovation Management Suite is a modular platform for full lifecycle Innovation Portfolio Management, Emerging Tech Empowerment and Ecosystem Enablement. The AI engine mines your data for insights while your community collaborates to discover, develop and capitalize on the best strategically aligned ideas within your ecosystem of employees, customers, partners, academia and startups. Planbox accelerates business outcomes by pursuing breakthrough innovations, creating a sustainable continuous improvement program, building a framework for corporate venturing and actioning on consumer insights. Planbox is the comprehensive innovation management platform trusted by some of the world’s most recognized brands, including Blue Cross, Cargill, Caterpillar, Dow Chemical, Exxon Mobil, Honeywell, John Deere, Novartis, Ontario Power Generation, Sun Life Financial, Whirlpool and Verizon, with millions of internal and external users.
For more information, please visit www.planbox.com and join the conversation on Facebook, LinkedIn and Twitter.
About IdeaConnection:
IdeaConnection’s mission is to give companies, large and small, access to the millions of brilliant minds that are eager to tackle difficult and exciting challenges with the following services: Prize-based theoretical problem-solving, crowdsourcing, technology scouting, technical challenge writing, specialized skilled staff augmentation and prior art citation search. Since 2007, IdeaConnection’s open innovation service has successfully solved thousands of complex challenges in a wide range of industries for clients such as Bayer, Fujitsu, Kraft, Magna, Nike, Pfizer, PepsiCo, Syngenta and Wrigley.
Learn more at www.ideaconnection.com.
Contact Information
Lucas Potasso-Justino
+1 (855) 752-6269 ext 608
[email protected]
Press Release Service by Newswire.com
Original Source: Planbox Acquires IdeaConnection, the Best-in-Class Open Innovation Expert Solver Network
Asian Para Games: Hong Kong win gold again as swimmer Chan Yui-lam defends title
Hong Kong won a gold medal at the Asian Para Games for the second day in a row after swimmer Chan Yui-lam defended her 100m butterfly (S14) crown on Thursday. Chan, 23, stormed to gold at Nagoya City General Gymnasium in one minute and 5.19 seconds to finish ahead of host swimmer Aira Kinoshita, who finished in 1:05.56. Fellow Hongkonger Lau Chiu-yee took bronze in 1:07.39. The victory for the regional and Asian Para Games record-holder added to her success earlier this week when she took home...
Philippines’ Eala ousted as Rybakina moves into Ningbo Open last 8 on return from injury
Alexandra Eala crashed out in the Ningbo Open last 16 on Thursday as world No 1 Elena Rybakina reached the quarter-finals on her return from injury when opponent Polina Kudermetova retired. Top seed and defending champion Rybakina was cruising 5-0 in eastern China when the world No 105 from Uzbekistan called it quits because of injury. Earlier, Philippine history-maker Eala suffered a battling straight-sets defeat to Diana Shnaider, the Russian world No 13 winning 7-5, 6-4 to book a...
Local golfers briefly top Hong Kong Open leaderboard in strong start on day one
In the 67 years the Link Hong Kong Open has been in existence, the leaderboard has never featured two local players at the top – Matthew Cheung and Isaac Lam briefly changed that on Thursday. Out among the morning groups, the pair carded matching six-under-par 64s, a score South Korea’s Kim Mink-yu also posted, to sit one-stroke clear of a bunched chasing pack at Hong Kong Golf Club. The trio were later overhauled by Jazz Janewattananond and Poosit Supupramai, who shot 63s, while Anirban Lahiri...
David Hayes plans to tinker with winkers in Ka Ying Rising’s The Everest redemption bid
Still hurting from Ka Ying Rising’s agonisingly close The Everest defeat, David Hayes has flagged a gear change for the champion sprinter’s bid for redemption in the world’s richest turf race next year. Hayes was still adamant barrier 11 ultimately cost Ka Ying Rising when he finished strongly late after a wide run to finish a half-neck second to Tempted in last Saturday’s Group One sprint. It was the nine-time Group One winner’s first defeat since January 2024, ending his record streak for a...
Asian Para Games: mayor sorry for ‘painful’ mistakes after playing wrong national anthems
Officials at the Asian Para Games in Nagoya played the wrong national anthems three times this week, prompting the mayor to apologise just weeks after the city hosted the mishap-plagued Asian Games. The Asian Para Games are taking place in the central Japanese hub city through Saturday, featuring around 4,000 athletes and officials in 18 sports. Nagoya mayor Ichiro Hirosawa apologised on Wednesday for the latest error, which occurred despite officials’ pledges to implement steps to prevent...
David Eustace mulls Lightning Stakes aim with Colourful King ahead of key Sha Tin test
David Eustace is plotting a path towards the Group One Lightning Stakes (1,000m) at Flemington and Royal Ascot with super sprinter Colourful King, with his run at Sha Tin on Sunday being a fork in the road in terms of seasonal plans. The Blue Point galloper surged up to a rating of 110 when making a mockery of a smart field in the Group Three National Day Cup (1,000m) on return, flashing clear with the minimum of fuss in the closing stages. His higher rating means options are becoming more...
China edge past US at gymnastics world championships to win first gold in 20 years
China denied the United States an eighth consecutive women’s team title at the Artistic Gymnastics World Championships on Wednesday to win their first gold medal in 20 years. The quartet of Du Siyu, Ke Qinqin, Qiu Qiyuan and Zhang Qingying combined to score 165.764 points, just ahead of the United States and Japan, who finished with 165.531 and 164.063 points respectively. All three countries secured direct passage to the Los Angeles Olympic Games in 2028. Winning their first title since 2006,...
How Stockport County became ‘bigger than Manchester United’ in China
Around six years ago, during one of his 105 visits to China, Steve Bellis was approached by a Scotsman at a British Council function. “He said, ‘Remind me to tell you my Stockport County story before I leave’,” Bellis said. “I said, ‘Hang on a minute, I do the Stockport County stories around here’.” The president of the high-flying League One club, which he first joined 37 years ago, Bellis does indeed boast an endless stream of tales about his beloved Stockport. The man from Glasgow’s was...
James Orman slots first Hong Kong treble as Zac Purton also bags three-timer at Happy Valley
James Orman slotted his first Hong Kong treble at Happy Valley on Wednesday night as champion jockey Zac Purton continued his momentum with a three-timer of his own. Orman bagged his biggest haul since joining the city’s elite riding ranks in February last year when he booted home the Caspar Fownes-trained Verbier, Chris So Wai-yin’s Malpensa and the Ricky Yiu Poon-fai-trained Solid Win. “It’s my first treble in Hong Kong and I’m very excited, very happy,” Orman said. “I came here with good...
Chinese athlete Wu Yanni reveals health struggles over past year, vows to keep competing
Veteran Chinese hurdler Wu Yanni has responded to renewed public criticism following her bronze-medal finish in the 100m hurdles at the Asian Games in Aichi-Nagoya, revealing recent physical health struggles and vowing to continue competing for as long as her body allows. In a series of interview videos released on Tuesday and Wednesday, the outspoken athlete addressed accusations of being “high-profile” and “talking big”. “My mother thinks I talk too big, but I don’t think I do,” Wu said....
Asian Para Games: Hong Kong boccia player secures first gold as athletes boost medal haul
Hong Kong delivered a strong medal haul at the Asian Para Games on Wednesday, with the city winning their first gold after boccia player Vivian Lau Wai-yan beat teammate Cheung Yuen in the final in Nagoya. City athletes also won four silver and four bronze medals during an action-packed day in Japan. The main area of success for the city’s men and women was on the boccia court, where Hong Kong enjoyed a dominant outing, eventually claiming one gold, three silvers and one bronze. Lau and Cheung...
Chinese star Fan Zhendong lashes out after fan posts videos of him on social media
Chinese table tennis star Fan Zhendong has again condemned secret filming after photos of a private trip were leaked online. On Tuesday, a self-proclaimed “superfan” uploaded two photo-slide show videos of Fan onto social media, captioning them: “No more hiding, let’s share.” The images showed Fan walking alone through Shanghai Pudong International Airport wearing a mask and hat, showing his movements on escalators and boarding. In one photo taken from just behind him, the poster claimed Fan was...
YOUR NEWS, OUR NETWORK.
Do you have Great News you want to tell the world?
Be it updates about your business or your community, you can make sure that it’s heard by submitting your story to our network reaching hundreds of news sites across 6 verticals.