InnoCentive, a place to solve research problems, gets boost
InnoCentive, a company that lets businesses post research problems for others to solve, has raised $6.5 million in a second round of venture capital.
Dwayne Spradlin is the CEO of the Waltham, Mass., spin-off from Eli Lilly.
Spradlin calls the site, where companies post problems and outsiders solve them in exchange for prizes, a “global innovation marketplace.”
Since 2001, InnoCentive’s “seekers” have been posting problems on its site to take advantage of crowdsourcing, or the collective intelligence of… Continue Reading