Innovation Management Software

Top Rated Innovation Management Products

TrustRadius Top Rated for 2021

These products won a Top Rated award for having excellent customer satisfaction ratings. The list is based purely on reviews; there is no paid placement, and analyst opinions do not influence the rankings. Read more about the Top Rated criteria.

Innovation Management Software Overview

What is Innovation Management Software?

Innovation management software (also known as Idea Management Software) supplies an organized, secure collaboration space for idea generation and progress toward innovation. Innovation management software is similar to project management software but with security features to protect corporate innovations or other kinds of IP.


Vendors offer different deployments of innovation management to support the development of products, ideas, and innovations of various kinds. A platform may include tools that allow employees to collaborate on ideas. Another may provide means of engaging and surveying customers for their input. The focus is to allow the organization to respond to external or internal ideas and opportunities as the case may require.

Features and Benefits of Innovation Management Software

Vendors tout benefits of their innovation management software to match the ideas of the potential customer. A cross-section reveals the following general capabilities:

  • Strategy & planning templates and guidance

  • Project milestone generation & progress tracking

  • Stage progression schema for product release roadmap

  • Customizable content presentation elements

  • Mobile-friendly design interface

  • Secured access, single sign-on (SSO) integration

  • Project budgeting, forecasting

  • In-built collaboration & communication

  • Prototyping in-built, or via integration

  • Surveys or ideas crowdsourcing

  • Custom fields for data gathering

  • Employee or customer engagement, VOC

  • Market intel or tracking (for benchmarking, competitor comparison)

Pricing Information

Similar to project management software, limited deployments of idea management software are available free to individuals or small groups. Free trials of more substantial offerings are also available. Relatively low-cost PPM-like deployments are available on a subscription basis (monthly or annual) from some vendors. Higher tier plans that far exceed project management or PPM-like capabilities are available. These are relatively high cost but supply advanced features. Some advanced features of high-tiered plans may include prototyping, research and testing tools, and frameworks for progressing complex engineering or software projects. Furthermore large, disparate teams of contributors including personnel or people outside the enterprise (e.g. consumers) may be brought together via innovation management software.

Innovation Management Products

(1-25 of 42) Sorted by Most Reviews

Planview Spigit

Spigit is a software for crowdsourced innovation, and is used by companies in systems integration, financial services, insurance, pharmaceutical, healthcare, technology, and more. Spigit’s customers include IBM, Capgemini, Citibank, and Pfizer. The vendor says 4.5M users from 150+…

MindMeister

MindMeister

Starting Price $4.99

MindMeister is an online mind mapping tool that lets users share maps with an unlimited number of users and collaborate with them in real-time. The vendor says more than 11 million people around the world use MindMeister to brainstorm ideas, plan projects, take meeting minutes, develop…

Ideanote

Ideanote

Customer Verified
Top Rated
Starting Price $0

Ideanote is an all-in-one innovation platform that promises to help teams and businesses around the world capture, develop, prioritize and act on more of the right ideas. According to the vendor, key benefits include:Capture ideas with structure by launching powerful goal-oriented…

Qmarkets

Qmarkets

Starting Price $0

Founded in 2006, Qmarkets is an innovation management software provider, offering a variety of products to help enterprise-grade clients leverage the wisdom of the crowd. The configurable software platform Qmarkets offers allows users to collaborate on targeted innovation initiatives…

Powernoodle

Powernoodle is designed to help leaders make better quality decisions by quickly and effectively engaging the collective wisdom of stakeholders. The vendor aims to provide the most powerful, yet easy to use, Decision Engagement Platform. Cloud technology is fused with 50 years of…

IdeaScale

IdeaScale

Starting Price $12,999

IdeaScale offers idea and innovation management software. There are four editions: Free, SMB, Challenge and Enterprise.

Brightidea

BrightIdea aims to be the #1 Platform in Customer Reported Business Outcomes from Innovation. According to the vendor, customers generate better ideas with Brightidea, and achieve the highest dollar amount of innovation outcomes (PWC Independent Assurance Report 2017). BrightIdea…

Innovation Cloud

Innovation Cloud

Starting Price $0

Innovation Cloud is a free web-based tool for idea management. It enables users to submit, codevelop and execute ideas.

Maquetter

Maquetter is a prototyping, design presentation and collaboration solution. Some key features include Structured Presentations, Web Design and Development Tools.

Nosco

Nosco

Starting Price $5

Crowdicity

Crowdicity is idea management software. The company is based in the UK and boasts clients such as P&G, Virgin America, and the BBC.

Idea Spotlight

Wazoku's Idea Spotlight is innovation management software.

IdeaLab

IdeaLab allows companies to build a collaborative community of feedback. The product can be used publicly to engage directly with customers and get their ideas, or internally to let everyone identify problems, solutions and opportunities. Locations can also serve as ideas, allowing…

SwitchPitch Connect

SwitchPitch Connect is a platform that is designed to help established companies find innovative startup solutions for their innovation needs.The platform consists of:Database of 35,000+ startups/SMEsA marketplace where enterprises can publish internal projects that they can’t undertake…

Sopheon Accolade

Sopheon Accolade is a cross-functional collaboration, decision-support software that helps navigate business innovation. Accolade provides a single source of truth to ensure innovation execution is aligned with corporate strategies. It gives business leaders the visibility and…

Idea Drop

Idea Drop is an innovation management platform that aims to help you "supercharge" your innovation pipeline by harnessing the collective brainpower of your employees to solve business challenges faster. The vendors says that hundreds of thousands employees across more than 500…

INX InNovate

The INX InNovate is designed to foster innovation by providing users with the ability to post Ideas and Change Initiatives. There are two core parts of the system that can be managed independently of one another or in conjunction, depending on user requirements. These components…

Web of Science

Clarivate Analytics offers Web of Science, a research and citation database and suite of research evaluation tools supporting innovation and scientific endeavors.