Thousands of world-class engineers, scientists, inventors, and business people come together to solve pressing and complex humanitarian challenges posed by international project leaders
ANDOVER, MA (August, 16 2006) — InnoCentive, the global leader in open innovation sourcing announced today that the Rockefeller Foundation has taken action to provide a grant to GlobalGiving, an online marketplace for global philanthropy, to sponsor its use of the InnoCentive Open Innovation Marketplace.
The GlobalGiving network of project leaders serves communities in over 67 countries around the world, helping non-profit grass roots organizations develop high impact solutions to difficult problems. Numerous technical and scientific challenges can affect their ability to serve their communities and expand their services.
"We believe that the InnoCentive Marketplace will efficiently connect our network of project leaders to experts from around the globe who can provide solutions, be it the development of a solar LED light that can illuminate a room or a brick extruder that can help safely make high-quality bricks," said Mari Kuraishi, president of GlobalGiving. "Finding solutions to these problems will help children in Africa study at night with full light and reduce manual labor in the brick-making industry in Pakistan."
In 2006, The Rockefeller Foundation joined the InnoCentive marketplace to spur science and technology solutions to some of the world's most pressing development problems. The non-profit Rockefeller Foundation and InnoCentive will bring to bear the talent of thousands of world-class engineers, scientists, inventors, and business people to solve the most pressing and complex humanitarian challenges posed by GlobalGiving project leaders.
"The Rockefeller Foundation grant provides GlobalGiving with resources that will enable this non-profit to continue and to expand its work in designing viable innovations that address basic problems in energy, water and construction materials for people in developing nations," said Dwayne Spradlin, president and CEO, InnoCentive. "We are proud of our contribution to help elevate the living conditions of people in need of assistance."
GlobalGiving is an online marketplace for global philanthropy that enables individuals, corporations, and other organizations to find and direct their funds to high impact, grassroots projects around the world. By aggregating many donors, GlobalGiving is creating a new source of funding for people with innovative solutions to challenging world issues. Since GlobalGiving launched in 2002, it has facilitated the flow of over $5.5 million to over 850 projects. GlobalGiving's corporate partners include eBay, Hewlett-Packard, Yahoo, Gap Inc., and The North Face, among others. Major funding partners include Omidyar Network, the Hewlett Foundation, the Skoll Foundation, USAID, and the Sall Family Foundation. Additional funding has been provided by the WK Kellogg Foundation, the Charles Stewart Mott Foundation, and HP.
About the Rockefeller Foundation
The Rockefeller Foundation was established in 1913 by John D. Rockefeller, Sr. to "promote the well-being" of humanity by addressing the root causes of serious problems. With assets of more than $3 billion, it is one of the nation's largest private foundations. The Foundation works internationally to expand opportunities for poor and vulnerable people and to help ensure that the benefits of globalization are shared more widely. Two recently launched Rockefeller Foundation initiatives include the Alliance for a Green Revolution in Africa (with the Bill and Melinda Gates Foundation) and lead funding and other support for the Unified New Orleans Plan for rebuilding in the wake of Hurricane Katrina.
InnoCentive created the first online Open Innovation Marketplace. It is the global leader in open innovation sourcing, enabling scientists, engineers, professionals and entrepreneurs to collaborate in a global community to deliver breakthrough solutions for R&D-driven organizations. InnoCentive's clients include commercial and non-profit organizations such as Eli Lilly and Company, Procter & Gamble, Dow, General Mills and The Rockefeller Foundation. InnoCentive customers, who collectively spend billions of dollars on R&D, post complex problems on the InnoCentive Web site where more than 125,000 engineers, scientists, inventors, business people, and research organizations in more than 175 countries can solve them. Solvers delivering the most innovative solutions receive financial awards ranging up to US$1,000,000. To learn more visit the InnoCentive Web site at www.innocentive.com.
InnoCentive and InnoCentive Challenge are registered trademarks of InnoCentive, Inc. Other product or service names mentioned herein are the trademarks of their respective owners.