Innocentive is an open innovation marketplace that connects companies seeking solutions to problems ("seekers") with solvers who can provide innovative ideas. It allows companies to outsource research and development needs while protecting intellectual property. Innocentive works on challenges in various domains like chemistry, food and agriculture, and life sciences by bringing together solvers from around the world, helping seekers find solutions faster and cheaper than traditional R&D methods. Innocentive generates revenue by taking a cut of payments made by seekers to solvers for successful solutions as well as through charging seekers fees to post challenges.