In today’s dynamic business landscape, innovation is critical to success. Companies constantly seek fresh ideas and perspectives to stay ahead of the competition. Surprisingly, many organizations are willing to pay individuals for their innovative concepts and suggestions. If you have a knack for creativity and problem-solving, you’ll be thrilled to learn about these 20 great companies that actively encourage and reward individuals for their valuable ideas.
Known for its forward-thinking approach, Google offers programs like “The Google Art Copy Experiment” and “Project Zero” that incentivize innovative ideas in technology, art, and security.
2. General Electric (GE)
GE is a global leader in multiple industries. It invites inventors and entrepreneurs to submit ideas through its “GE Global Innovation Barometer” and rewards promising concepts with financial support and mentorship.
As an innovation-driven company, 3M encourages employees and external individuals to share their ideas through its “Frontline Innovation Program.” Successful submissions can earn inventors substantial financial rewards.
4. Procter & Gamble (P&G)
P&G’s “Connect + Develop” program invites individuals, entrepreneurs, and inventors to submit ideas related to various consumer goods categories. If accepted, inventors receive compensation based on the value of their idea.
5. Ford Motor Company
Ford’s “Innovation Ford” program encourages inventors to submit ideas about automotive technology and sustainability. If the idea is selected and implemented, inventors can receive financial rewards.
LEGO actively seeks innovative ideas from its fan community through its “LEGO Ideas” platform. If a submission reaches 10,000 votes and is approved, inventors receive royalties and recognition.
Quirky is a unique platform that helps inventors turn their ideas into reality. Users submit ideas, and if selected, Quirky handles product development, manufacturing, and distribution, providing inventors with royalties.
8. Edison Nation
Edison Nation connects inventors with companies looking for new product ideas. Inventors submit their concepts, and if selected, they receive royalties from the company that licenses their idea.
Innocentive is an online platform that allows individuals to solve business challenges posted by various companies. Successful solvers are rewarded with cash prizes.
10. Idea Buyer
Idea Buyer is a marketplace that connects inventors with potential buyers and investors. Inventors can submit their ideas for evaluation and, if accepted, receive a cash payment or licensing deal.
11. Johnson & Johnson
Johnson & Johnson’s “JLABS” initiative supports healthcare entrepreneurs and innovators. It provides resources, funding, and mentorship to individuals with groundbreaking healthcare ideas.
Mattel’s “Inventor Relations” program invites inventors to submit toy and game concepts. If selected, inventors can receive royalties or upfront payments.
Microsoft runs the “Microsoft Garage” program, encouraging employees to work on innovative side projects. If a project becomes successful, employees can receive recognition, bonuses, and the opportunity to turn their idea into a full-fledged product.
Hasbro’s “HASLAB” platform allows fans and inventors to propose new ideas for collectibles and toys. If an idea garners enough support, Hasbro may bring it to life and reward the inventor accordingly.
Kickstarter is a crowdfunding platform where inventors can showcase their ideas to attract funding from interested backers. Successful projects receive financial support from the community.
Similar to Kickstarter, Indiegogo allows inventors to crowdfund their ideas. Inventors can offer backers various rewards such as early access to the product, exclusive merchandise, or personalized experiences.
Coca-Cola’s “Open Innovation” program invites individuals to submit beverages, packaging, and sustainability ideas. Successful ideas can lead to partnerships, licensing agreements, or financial rewards.
IBM’s “InnovationJam” is an online platform where employees and external participants can share innovative ideas. Promising concepts may receive recognition, awards, and opportunities for further development.
Samsung’s “C-Lab Inside” program supports employees’ innovative ideas and provides resources to turn them into products or services. Successful projects can result in financial rewards, recognition, and the opportunity to commercialize the idea.
Accenture’s “Innovation Challenge” invites external individuals and startups to submit innovative solutions to specific business problems. Winners receive funding, mentorship, and the chance to collaborate with Accenture.
Turn Your Ideas into Cash Now!
In a world driven by innovation, companies are realizing the value of external ideas and are actively seeking creative individuals to contribute to their success. These 20 companies exemplify the commitment to rewarding and supporting innovative thinkers. Whether you’re an employee with a brilliant concept or an aspiring inventor looking to showcase your idea, these companies offer various platforms, programs, and incentives to turn your ideas into reality.
So, don’t hesitate to share your unique perspectives and creative solutions with these forward-thinking organizations, as they recognize the power of collaboration and the potential for game-changing ideas to emerge from unexpected sources. Get inspired, unleash your creativity, and seize the opportunity to be rewarded for your innovative ideas with these visionary companies that value and pay for the power of imagination.