CEO & Co-Founder
Profile summary: Microsoft Product Director
MindSumo
ShutdownMindSumo is an open innovation platform that helps companies crowdsource breakthrough ideas and insights from a global community of problem solvers. The platform manages the full challenge lifecycle, from expert-assisted challenge design and solver engagement to idea review and reward distribution, with over $1.3 million in rewards distributed across more than 1,300 challenges. The company's platform is now officially closed after 13 years of operation.
- Enterprise Software
- Software Only
Updated 1 month ago
Funding
Funding not disclosed
Funding rounds are not available yet.
Founders
IT Consultant
Profile summary: MBO Partners Director, Information Systems
Chief Operations Officer and Head of International
Profile summary: MBO Partners COO
Founder & Principal
Profile summary: AnitaB.org Senior Director
Product
Problem
Companies often struggle to generate novel ideas and solutions for complex business challenges. Traditional R&D processes can be time-consuming and may lack diverse perspectives, leading to missed opportunities for innovation and growth.
Solution
MindSumo provides an open innovation platform that connects businesses with a global network of problem solvers to source creative ideas and actionable insights. Through structured challenges, companies can tap into a diverse talent pool to address specific business needs, from product development to market strategy. The platform facilitates the entire crowdsourcing lifecycle, from challenge design with expert assistance, to solver engagement based on skills and experience, to idea evaluation and reward distribution. This approach accelerates innovation by leveraging collective intelligence and diverse skill sets to drive business objectives.
Target Audience
The primary customers are businesses seeking external innovation and problem-solving capabilities, including those in sectors like Automotive, CPG, Financial Services, and Tech & Software.
Features
- Crowdsourcing platform for structured innovation challenges with expert-assisted challenge design
- Access to a global network of over 300,000 problem solvers across active countries
- Solver engagement tools based on skills, location, experience, and other criteria
- Dedicated Challenge Manager support for idea submission and rating
- Reward distribution mechanism for selected solutions, with over $1.3 million in rewards paid to date
- Options for branded portals and custom domains for enterprise clients
- Employee engagement features for participation in internal challenges