Open Innovation as a Service: ITONICS and Navispace Announce Collaboration

Munich and Nuremberg, January 29, 2024

ITONICS, the leading Innovation OS platform, and Navispace, an established global provider of open innovation competitions and business matchmaker between corporates and startups, will work more closely together in the future.

Strategic collaboration in innovation management

The Innovation World Cup activities of Navispace complement the portfolio of ITONICS with tailor-made programs and quality-tested external innovators in application fields such as Industrial, Mobility, Energy, Building/Construction, City, Agriculture or Healthcare. In addition, the Navispace team reaches up to 800,000 techpreneurs worldwide in each of these industries. This reach can be used by companies as a crowdsourcing platform to communicate and implement challenges tailored to the needs of corporates and to identify suitable external innovations.

The integration of the ITONICS platform and the Innovation World Cup database ensures an optimized end-to-end workflow. ITONICS customers can access solutions and candidates from the Innovation World Cup database directly in their software environment. And for Navispace customers, this opens up new possibilities for using a comprehensive end-to-end system for innovation management - from foresight and ideation to portfolio management.

Navispace is an open innovation pioneer and has created a global crowdsourcing ecosystem with the Innovation World Cup that is second to none. The integration with ITONICS gives our customers easy access to the most successful open innovation platform and vice versa a seamless integration into the internal innovation process.

Dr. Michael Durst, Founder, ITONICS GmbH

As resources are often limited in innovation management at companies, ITONICS and Navispace not only support the IT side of the ideation process, but also the implementation, such as scouting solutions, successfully initiating partnerships with innovators and implementing POCs.

Together with ITONICS, we are thus entering the next generation of innovation management: Open Innovation as-a-Service.

Christian Stammel, CEO, Navispace GmbH

About Innovation World Cup Series®

The Innovation World Cup® Series is the global open innovation platform that connects corporates and techpreneurs. It acts as a catalyst for future innovations. The Innovation World Cup® Series was initiated by Navispace GmbH in 2003. Partners include STMicroelectronics, HTC, Google Cloud, Ericsson, Intel, EBV Elektronik, Swisscom, Würth Elektronik, Samsung, Telefonica, Telit, VARTA Microbattery and world leading trade fairs. A panel of international industry experts selects the best solutions based on the level of innovation, marketability, and sustainability. Press contact: Mirna Curcic, Project and Event Manager,
Innovation World Cup® Series – Navispace GmbH

About ITONICS

ITONICS offers an end-to-end innovation management SaaS. Its AI-powered platform, combined with a systematic framework to steer innovation efforts, helps companies to identify emerging technologies, trends, and market potential and translate them into customized growth strategies. With more than 150 employees in 5 offices worldwide, ITONICS supports innovation leaders such as adidas, Johnson & Johnson, Toyota, Mondelez, Siemens, and KPMG.