Innovation Management Software

TrustRadius Top Rated for 2023

Top Rated Products

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Miro

Miro provides a visual workspace for innovation that enables distributed teams of any size to dream, design, and build the future together. Today, Miro counts more than 60 million users in 200,000 organizations who use Miro to improve product development collaboration, to speed up…

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(1-25 of 161)

1
Miro

Miro provides a visual workspace for innovation that enables distributed teams of any size to dream, design, and build the future together. Today, Miro counts more than 60 million users in 200,000 organizations who use Miro to improve product development collaboration, to speed up…

2
Planview IdeaPlace

Planview IdeaPlace offers an “idea-to-impact” solution that includes:An employee-driven innovation management platform, which is backed by proprietary crowd science algorithms to tap employees’ knowledge and insight while enabling diversity, inclusion and cross-organizational…

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Aha! Roadmaps

Aha! Roadmaps is used to set strategy, prioritize features, and share visual plans. It includes Aha! Ideas Essentials for crowdsourcing feedback. For an integrated product development approach, Aha! Roadmaps and Aha! Develop can be used together. The software is available with a…

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Oracle Fusion Cloud PLM

Oracle Fusion Cloud PLM is a collaborative platform that helps users bring product ideas to market faster by standardizing and structuring the data and processes that go into innovating, developing, and commercializing products and services. It includes the capabilities of the former…

5
MindMeister

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…

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Ideanote

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…

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ServiceNow IT Business Management

ServiceNow IT Business Management is a soluton bundle built on the Now Platform designed to allow users to gain visibility into portfolio investments and business strategies for better outcomes. Track progress in real time to see exactly how funds are spent and the value of the work…

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Braineet Crowdsourcing

Braineet Crowdsourcing aims to enable users to maximize the value generated by internal and external ecosystems. #1 - Impulse cultural change and break down silos Give employees a place to share their quick wins, best practices and experiments across all business units to generate…

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Qmarkets

Managing innovation at a large company can require addressing the needs of an endless list of stakeholders to engage, a massive number of data points, and a multitude of obstacles and landmines to avoid. So the Qmarkets platform lets users define and manage intelligent crowdsourcing…

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IdeaScale

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

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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…

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Evalueserve Researchstream

Evalueserve, a multinational headquartered in Switzerland, offers Researchstream, a research approval workflow management platform supporting requests and submissions, reporting, document repository and knowledge management, and feedback.

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Innovation Cloud

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

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HYPE Enterprise

HYPE Innovation offers innovation management software and services, offering tools to address a range of innovation scenarios. HYPE lets organizations engage employees, customers, and partners in idea generation and collaborative problem-solving. HYPE Enterprise is presented as value…

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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…

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Atlassian Jira Product Discovery

Jira Product Discovery, currently in Beta from Atlassian, is a development collaboration space to help developers communicate new ideas and track their progress towards delivery. Users can record ideas and add data, feedback, and supporting insights, and build consensus and confidence…

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Minitab Engage

Minitab Engage is software designed to help organizations build improvement and innovation programs, execute them with the help of problem-solving tools and project management methodologies, then track key performance metrics in real time to demonstrate ROI.

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Praxie
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Praxie is a web platform of business process apps & interactive online templates, with a library of business best practices from management experts, book authors, and consultants, supported by the company of the same name in San Francisco.

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Accept Mission

Accept Mission is innovation software designed to help organisations to become successful with innovation. Key elements include gamification to stimulate user engagement and creativity, tools integrated in one platform, and dashboards to measure and optimise innovation success. The…

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SharpCloud
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SharpCloud, from the company in London, enables teams to plan, visualize and communicate strategy across business silos and transforms static data into engaging, dynamic visual stories, to provide insight for leadership teams so that they can make smarter, more informed decisions.…

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Zakta
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Zakta, an Ascendum Solutions company, offers the Zakta Platform, a semantic analysis, concept visualization and advanced search tool.

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Idea Drop
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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…

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INX InNovate
0 reviews

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…

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Pollen8
0 reviews

The Pollen8 Platform is an Saas solution that helps large organisations surface, select, manage and measure the right ideas and problems from their people in order to grow, adapt and evolve. The platform provides tools and resources that support each stage of the innovation process…

Learn More About Innovation Management Software

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 intellectual property (IP). Innovation management software also focuses more on idea-generating while project management concerns itself with strategically planning a project from initiation to completion.

Vendors offer different options for deployments of innovation management, including SaaS cloud-based and mobile apps for iPhone, 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.

Users that benefit from innovation management tools include both internal and external constituencies of all sizes, including small firms to large enterprise companies. Externally, they are capable of engaging customers, stockbrokers, and employees through web-based applications. This allows for full transparency of the company as well as the opportunity to give recommendations and feedback. Internally, users can collaborate and share insights with one another allowing for innovation and growth during the idea-creation process.

Innovation management software features

Innovation management software products are equipped with a variety of features that can be useful to potential customers. 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)

Innovation management software comparison

Some important things to consider before choosing an innovation management software include:

Versatility: A perk about innovation management software is that many of these products can handle multiple tasks. Ensure you’re getting your money’s worth by selecting a product with several features, such as analytics, customer feedback, and staff collaboration. Be sure your vendor will offer flexibility and options for your business.

Affordability: If you’re looking for a product that is affordable and simple, you may miss out on some other advanced features such as drag and drop options, custom filters, and ROI analytics. For some users, these features aren’t as necessary and therefore the free versions are more than suitable. Be sure to look for a product that hits the right balance of cost vs features

Idea vs. Project Management: Though similar to project management software, innovation management software is used for collecting ideas within one platform and allowing them to evolve. If your needs are focused on managing processes throughout the project after initial creation, look into project management tools that may have features better fitted for your business.

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, usually going for under $15 a month with a limited amount of users.

Higher tier plans that far exceed project management or PPM-like capabilities are available. Though these pricing plans are customized, expect to pay anywhere from $800 to $3000 per month with many or unlimited users. These are relatively high costs but supply advanced features such as prototyping, research and testing tools, and frameworks for progressing complex engineering or software projects.

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Frequently Asked Questions

What does innovation management software do?

Innovation management software, also known as idea management software, is used to organize the process of gathering ideas and insights on certain products in hopes for improvement and development. They are designed to receive feedback from employees, stakeholders, customers, or any group hired to improve the quality of a product. They allow for collaboration, edits, input, and a primary database for accepting and rejecting ideas.

What are the benefits of innovation management software?

While using innovation management software, users can expect a platform that brings words, data, ideas, and people together. This creates easier access for collaboration, feedback, and selecting and rejecting ideas. Using these software tools then enables users to improve the quality of their products and save an enormous amount of time when it comes to internal and external communication.

What are some popular innovation management software products?

Some popular innovation management software products are:


How much does innovation management software cost?

Many of the innovation management software tools will offer their product for individuals and small groups. These versions will come with limited features and users. For paid subscriptions, look to pay at least $10 per user, with the higher pricing containing the most features to be customized upon request. Vendors typically offer free trials of their products.