Innocentive is an open innovation company that crowdsources research and development problems to solvers around the world for cash awards. It provides a marketplace for companies seeking R&D solutions to connect with unknown professionals globally who may have effective solutions. Innocentive combines innovation and incentive to bring out innovative solutions to problems that were previously thought impossible to solve through traditional R&D methods. The concept of open innovation assumes that companies can and should use both internal and external ideas and paths to market as they advance technologies. Innovations can easily transfer inward and outward between companies and their environments.