Top 8 Innovation Management Software Solutions (2023)

Unlocking Innovation Potential with IdeaScale

IdeaScale: Crowdsourcing Innovation for the Future

Innovation often begins with ideas, and IdeaScale excels in this regard. With IdeaScale, you can:

• Access a community of over 30,000 problem solvers
• Create challenges for the IdeaScale community to tackle
• Iterate on ideas produced through crowdsourced challenges
• Facilitate decision-making about taking action on new ideas
• Turn an idea into reality with project planning tools
• Track your team’s action on ideas

IdeaScale is designed for large innovation teams, making it a valuable tool for businesses with substantial resources. However, pricing is customized based on your specific innovation program's needs, so it's essential to get in touch with the company’s advisors for more information.

The Power of Crowdsourcing Innovation

Crowdsourcing innovation is a powerful concept. It allows you to tap into the collective intelligence of a diverse group of people to generate fresh ideas and solutions. With IdeaScale, you can harness this power efficiently.

HYPE Innovation: Bridging Trends and Ideas

HYPE Innovation: Bridging Trends and Ideas

HYPE Innovation offers both innovation management software and consulting services. With HYPE Innovation, you can:

• Research trends in your industry
• Develop and log ideas based on trend data
• Analyze ideas and compare the potential value of each one for continuous improvement
• Vote and comment on ideas with your team
• Plan how you’ll turn ideas into actions
• Connect with startups that can help you take action on ideas and turn them into products or services
• Receive training on best practices for building a culture of innovation

Like IdeaScale, HYPE Innovation is best suited for large teams that need extensive analysis and coordination. To explore the tool’s features, you’ll need to contact HYPE for a custom price quote.

Trends as Catalysts for Innovation

Innovation often begins with identifying trends and acting on them. HYPE Innovation provides the tools to not only identify trends but also turn them into actionable ideas.

Exploding Topics: Trendspotting for Innovation

Exploding Topics: Unearthing Trends for Innovation

Innovation thrives when you have your finger on the pulse of emerging trends. Exploding Topics is a trend spotting tool that excels in this aspect. With it, you can:

• Research trends in 30+ industries
• Analyze how trends have changed over the past 15 years
• Find out which trends may explode in popularity—and which ones are stalling or declining in interest
• Organize trends of interest in a private dashboard
• View lists of trending products and startups that may influence your market or emerge as competitors
• See how different trends intersect with each other
• Read curated reports on trends to watch
• Get instant alerts when key trends emerge

Exploding Topics is ideal for teams that prefer to generate ideas in-house and have the flexibility to set up their challenges. You can start searching for trends for free on the Exploding Topics homepage, with access to the full trend database and additional features starting at $39 per month, billed annually.

Trends as Innovation Drivers

Identifying trends early can give you a competitive edge. Exploding Topics helps you uncover these trends and act on them effectively.

Brightidea: Crowdsourcing Made Simple

Brightidea: Crowdsourcing Ideas with Ease

Brightidea is an innovation management solution that, like IdeaScale, allows you to crowdsource ideas effectively. It enables large global workforces to:

• Locate participants for crowdsourcing challenges
• Run hackathons
• Identify trends of interest
• Collect and organize ideas from challenge participants and internal team members
• Track progress on challenges and idea innovation
• Find external advisors to support your innovation efforts

Brightidea also offers the Memo tool for organized collaboration on developing and testing ideas. While Brightidea doesn't disclose its pricing publicly, you can set up a demo and discuss pricing by contacting the company directly.

The Power of Collective Creativity

Brightidea empowers organizations to harness the collective creativity of their workforce, making innovation a collaborative endeavor.

QMarkets: Empowering Research and Development

QMarkets: Boosting Research and Product Development

QMarkets is an innovation management tool designed for research and product development teams. Its features include:

• Crowdsourcing ideas for new products and services
• Collecting ideas from within your company
• Logging details about trends that will impact your industry
• Optimizing new and existing products or services
• Planning how you’ll turn ideas into sellable solutions
• Finding stakeholders and vendors who can contribute to your innovation projects
• Viewing analytics about your innovation work and progress

QMarkets stands out with its "Q-optimize" feature, which uses AI to route ideas and suggestions to the right stakeholders within your organization for review or approval. Pricing is customized, so reach out to the company for a quote.

Smart Innovation Management

QMarkets streamlines innovation management by integrating AI to enhance idea selection and execution, ensuring the best ideas come to fruition.

4Strat: Navigating the Innovation Landscape

4Strat: A Suite of Innovation Solutions

The 4Strat suite offers a range of tools for trend, risk, and innovation management. With 4Strat, you can:

• Find and analyze clusters of trends related to your business
• Track developments related to key trends
• Record ideas sourced from your team or other stakeholders
• Rate, assess, and evaluate ideas
• Turn ideas into concepts with action roadmaps
• Track your progress when taking action on ideas

4Strat’s "Foresight Strategy Cockpit" is the hub for innovation and idea management. Additionally, 4Strat offers a trend hunting and strategy development service. Contact the company to discuss pricing options.

Navigating Trends for Success

Innovation often requires a strategic approach. 4Strat equips you with the tools to navigate the complex landscape of trends and ideas effectively.

Planview IdeaPlace: Fostering Innovation in Corporations

Planview IdeaPlace: A Home for Innovation in Corporations

Planview IdeaPlace, formerly known as Spigit, is an innovation management tool tailored for large corporations. It enables you to:

• Collect ideas from stakeholders across the entire business
• Build an internal idea-generation community
• Vote and comment on ideas

• Use gamification features

  to encourage team member involvement in the ideation process

• Estimate the cost of implementing a new idea
• Build idea capture forms and process workflows
• View metrics related to platform use

One standout feature is IdeaPlace's use of natural language processing (NLP) to analyze the sentiment and focus of ideas in your database. This provides valuable insights into your innovation efforts. Pricing and product access levels are available upon contacting Planview.

Analyzing Ideas with Precision

IdeaPlace leverages advanced NLP to analyze the sentiment and focus of ideas, enabling informed decision-making in the innovation process.

Viima: Streamlined Innovation for All Teams

Viima: Scalable Innovation Software

Viima, a scalable innovation software tool, offers a streamlined feature set suitable for small and large teams alike. With Viima, you can:

• Log the results of idea generation sessions
• Brainstorm and create connections between ideas
• Organize ideas into groups based on review stage
• Analyze metrics about your progress when taking action on ideas
• Automate workflows and innovation activities within the platform

Viima is an excellent choice for teams looking to simplify innovation work. Small teams with up to 10 users can access Viima for free, while paid plans starting at $39 per month offer additional user seats and workspaces.

Simplifying Innovation Management

Viima simplifies innovation management, making it accessible and efficient for teams of all sizes.

Conclusion: Finding Your Innovation Companion

Conclusion: Tailoring Innovation Management to Your Needs

Innovation management is a diverse field with various tools to suit different organizations. To stay ahead of the competition, choose the innovation management tool that aligns with your team's needs:

• For crowdsourcing and extensive features: IdeaScale or Brightidea
• For trend analysis and idea development: HYPE Innovation or Exploding Topics
• For research and product development teams: QMarkets
• For comprehensive innovation management: 4Strat
• For large corporations: Planview IdeaPlace
• For streamlined innovation: Viima

Remember, the right tool can be your key to innovation success. Embrace innovation management software to fuel your organization's growth and creativity.

Empowering Innovation

Innovation is the driving force behind progress. Empower your team with the right innovation management tool and seize the future with confidence.