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Innovation Management Software

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

Listings (1-25 of 34)

24 Ratings

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+ countries have ...

6 Ratings

Opal Labs offers an idea management platform for brand marketers. It allows companies and agencies to collaborate on campaign creatives and marketing strategies.

2 Ratings

Powernoodle® is cloud software that helps organizations make better decisions by leveraging what the vendor refers to as Stakeholder Intelligence™. The vendor says Powernoodle leverages cognitive and behavioural science to minimize barriers to decision making, providing out-of-the-box Stakeholder...

7 Ratings

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 helps companies ...

1 Ratings

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 - submitting...

We don't have enough ratings and reviews to provide an overall score.

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

We don't have enough ratings and reviews to provide an overall score.

Sideways 6 is an employee ideas platform that connects to Yammer to source, analyse and manage ideas without requiring employees to learn new software. The vendor takes this approach because they've found that it can be difficult to get employees to take up 'yet another app'. According to the ven...

We don't have enough ratings and reviews to provide an overall score.

Idearium is business innovation software. Some key features include: Idea Management, Focused Innovation and Rewards Management.

We don't have enough ratings and reviews to provide an overall score.

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 themselve...

We don't have enough ratings and reviews to provide an overall score.

Exago SMART offers innovation software with features that promise to activate a company's collective intelligence to boost innovation growth. The vendor says the new Exago START edition offers field-tested configurations for a quick, easy start, while Exago OPEN extends your reach beyond corporat...

We don't have enough ratings and reviews to provide an overall score.

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 customers to s...

We don't have enough ratings and reviews to provide an overall score.

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

We don't have enough ratings and reviews to provide an overall score.

Viima is the best way to collect and develop ideas. What's more, the SaaS offering is free for up to 50 users and can be taken into use within minutes! Viima is designed to make innovation management more transparent, super easy and effortless for everyone involved. Viima supports all kinds of d...

We don't have enough ratings and reviews to provide an overall score.

PatSnap in Singapore is a patent and intellectual property (IP) management applications featuring a wide range of search tools, collaborative workflow, as well as competitor analysis.