Planbox’s Center of Excellence platform serves as a workflow-driven online system for management, planning, sharing, and implementation of innovation management standards and practices

Wilmington, Delaware — Planbox, a pioneer in agile innovation management solutions, launched the Innovation Center of Excellence (CoE) platform, a centralized self-service innovation management system to plan, manage, track and report on the entire innovation process and pipeline.

CoE comprises a set of building blocks that form the informational hub for your innovation program, all of which are built on the key principles you have adopted as your standard for innovation management. Completely customizable to reflect an organization’s brand and values, these blocks are:

  • Program: Communicate your definition of innovation, gamification, rewards and recognition system, innovation strategy aligned with your organization’s objectives, and expected business impacts of your program and activities.
  • Team: Identify the key players and sponsors of your innovation team and the best way to contact them, as well as the entire possible pool of people who participate in your innovation activities, known as your Innovation Ecosystem, which  includes employees, customers, strategic partners, suppliers, startups, researchers, academia and government.
  • Planning: Online tool for innovation sponsors and managers to collaboratively plan, launch, execute and analyze innovation and engagement activities.
  • Success: Showcase your innovation success and lessons learned, and attract new advocates and supporters with inspirational stories and quantifiable business results that keep all stakeholders informed and the innovation program thriving.
  • Resources: Aggregate resources for all innovation activity and event types, such as best practice documents, frameworks, educational videos, innovation activity templates and how-to guides.
  • Improvements: Monitor performance, measure progress and drive future improvements by continuously reviewing reports on key metrics, encouraging team members to periodically complete ROI and capability assessments related to user engagement and program maturity, and analyzing investment and activity results.

“2020 has shown us that innovation is a must for organizations to stay resilient and adaptive in the face of turbulence. The Innovation Center of Excellence Platform activates future fitness by supporting scale and rapid bottoms-up adoption of collaborative opportunity discovery, creative problem solving,  and solution development, leading to better business outcomes and desirable future states for both your organization and its ecosystem,” said Sara Husk, Chief Customer Officer at Planbox.

Planbox CoE platform can serve as the foundation for your organization’s innovation program based on standards such as the ISO 56000 Standard for Innovation Management, the Global Innovation Institute’s methodology or the Global Innovation Management’s Body of Knowledge.

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About Planbox

Planbox is the pioneering agile innovation management platform software provider for full lifecycle Innovation Portfolio Management, Emerging Tech Empowerment and Ecosystem Enablement. Planbox is recognized by Forrester as the top-ranking innovation management platform in the marketplace, having received the highest score in strategy and current offering in the Forrester Wave: Innovation Management Platforms, Q1, 2020. As the most robust and scalable platform on the market, we empower our clients to discover, collaborate and capitalize on the best strategically aligned concepts with their ecosystem of employees, customers, suppliers, partners, startups, academia, government and the general public to pursue breakthrough innovations, create a sustainable continuous improvement program, build a framework for corporate venturing and action on consumer insights. With over 20 years of domain expertise, 400 enterprise deployments, 5M participants and $10B of realized ROI for customers, Planbox’s AI-powered cloud-based agile innovation solutions accelerate business outcomes for some of the world’s most recognized brands, including Whirlpool, Dow, Novartis, ExxonMobil, Cargill, Bobcat, Honeywell and Sun Life.

In 2020, Planbox acquired IdeaConnection, the best-in-class open innovation platform and expert solver network. IdeaConnection by Planbox provides access to millions of diverse and brilliant minds and a global network of 20,000+ multidisciplinary experts and world-class facilitators in more than 180 countries, with an 80% solve rate for open innovation services such as public and confidential challenges, crowdsourced tech scouting and prior art search.