Ideawake’s SaaS idea management platform enables employers to (1) solicit and crowdsource ideas of employees, customers and vendors to reduce costs, generate additional revenue and engage employees, (2) evaluate and select the best ideas, and (3) manage the implementation of those ideas. 1) Companies launch challenges related to cost reduction, revenue growth and employee engagement. 2) Employees post ideas under challenge topics in exchange for points and peer recognition. 3) Employees vote on the best ideas and recommend revisions. 4) The best ideas are reviewed for feasibility and assigned to cross functional teams for implementation.

Ideawake provides an easy to use innovation platform combined with programs, services, and expertise that supports the innovation program. Its SaaS idea management platform enables employers to (1) solicit and crowdsource ideas of employees, customers, and vendors to reduce costs, generate additional revenue and engage employees, (2) evaluate and select the best ideas, and (3) manage the implementation of those ideas. It aims to empower brands with the tools, processes, and connections they need to transform employees into innovators and their ideas into measurable impact. Ideawake was founded in 2013 and is headquartered in Milwaukee, Wisconsin.