Innovation Management Software
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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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Forest is a cloud-based platform that helps business units drive strategic change across the organization. With Forest, the user can rally employees around important topics and themes, crowdsource and develop new ideas through focused campaigns, communicate key strategies, and…
In order to drive innovation in companies around the world, AEVO built Innovate - a full service platform to manage any innovation strategy, process or project within an organization. In addition to delivering all the necessary tools to help users get ideas off the ground, AEVO…
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…
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The Exago Smart innovation management software aims to enable companies to connect to their people’s ideas, when they need it the most, with an engageable, gamified process and appealing features. With Exago Smart, companies mobilise people to innovate, gather and select top ideas…
HackerEarth is an innovation management solution that is designed to help companies efficiently manage ideation.With HackerEarth Sprint companies can: Crowdsource/ Capture ideasValidateShortlistDevelop proof of conceptSprint enables companies to engage with employees, partners, vendors,…
Crowdicity is idea management software. The company is based in the UK and boasts clients such as P&G, Virgin America, and the BBC.
The Imaginatik Innovation Central platform and Innovation as a Service offerings, now from Planbox (acquired 2019) leverage the insight of employees, customers, and outside experts to drive growth and innovation at every level of an organization from customer delivery to breakthrough…
Maquetter is a prototyping, design presentation and collaboration solution. Some key features include Structured Presentations, Web Design and Development Tools.
SoftExpert ICM is a solution for innovation and change processes for organizations of any size and market segment. The platform allows employees, customers, allies, and suppliers to participate in the ideation process, offering an organized and collaborative space for generating…
aumentoo is a digital platform to plan, run and manage innovation. aumentoo aims to change to the user's daily working process for a significant reduction of inefficiencies and friction. aumentoo is an innovation management enterprise software solution, supporting innovation from…
ITONICS provides an Innovation Operating System (OS) for organizations seeking to operationalize innovation and drive growth systematically. The ITONICS Innovation OS connects foresight, ideation, and portfolio activities with the user's strategic goals in one collaborative system.…
LaunchPath is an innovation platform that increases organizations' innovation capacity by digitally coaching, guiding, training, and supporting innovators through the entire process of turning ideas into reality. The vendor states that with LaunchPath, users can 10X the number of…
Planbox is an end-to-end innovation management platform from the company of the same name in Laval, whose services aim to empower medium and large-sized organizations to become more adaptive, creative, and resilient. Planbox helps turn creative ideas into winning projects and integrate…
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.