The idea for InnoCentive came to Alph Bingham and Aaron Schacht in 1998 while working at the pharmaceutical giant Eli Lilly and Company, during a brainstorming session exploring the application of the Internet to business. In 2001, InnoCentive was launched. We have been enabling corporations, government, and nonprofits across a range of industries to embrace the power of the crowd ever since.
“We imagined during this brainstorming session a web-based system that would attract hundreds or even thousands of minds to tackle a problem in organic syntheses, more effectively exploring the vast domain of solution space. In later days, as we talked about this “molecule.com,” we came more fully to three realizations: there will always be someone smarter outside of your team or organization; getting a diverse range of fresh perspectives is key to effective problem solving; and asking the right question in the right way is critical to eliciting the answers you need. These went on to be central pillars of InnoCentive”.
Alpheus Bingham, InnoCentive Co-Founder and Board Member