To be innovative, you don't have to invent everything from scratch. Rejecting external knowledge and sources of information can be detrimental and costly to innovation teams.
An idea management platform offers a solution to capture and facilitate problem-solving within companies. It encourages inclusivity and promotes innovative thinking by allowing everyone to contribute.
Innovation and risk are inseparable. To minimize risk, there are various tools that can be used to derisk innovation such as crowdsourcing, crowdfunding, open innovation, and other business model tools.