Agorize Bags $2.6 Million To Crowdsource Business Ideas With Open Innovation Challenges

TechCrunch

When your company wants to find a comprehensive answer on a particular topic, you often end up paying another company to create and handle a marketing survey or rely on Amazon Mechanical Turk. Meet Agorize, a company that relies on open innovation and community crowdsourcing to let companies gather a lot of data on new ideas and ventures. Here’s how it works.

French startup Agorize has built a few communities who are willing to participate in innovation challenges. There is a student community, an engineer community and a startup community. Agorize will work with big companies, such as Google, Microsoft and Bank of America to design and submit challenges to these communities. The company just raised $2.6 million from Iris Capital and Capnamic Ventures with Ader Finance handling the fundraising effort (€2 million).

“Creating and managing challenges with Agorize lets you quickly source new innovation opportunities and potential…

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