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What is Wave Idea Management Tool?

A SharePoint-based application for managing ideas can significantly accelerate the journey from conception to realization of value. By facilitating collaboration, evaluation, selection, nurturing, and the maintenance of a consistent flow of innovative thoughts, this tool empowers organizations to harness the collective intelligence of their employees. By crowdsourcing ideas, businesses can maintain a competitive edge and enhance their innovation capacity, transforming their approach from serendipitous breakthroughs to deliberate and strategic innovation initiatives. Moreover, this platform fosters a culture of continuous improvement and engagement among team members, ensuring that fresh ideas are always on the horizon.

What is InnovationStation?

Employees are encouraged to leverage the Innovation Station application on any device, whether it's company-issued or personal, such as computers and smartphones. The platform allows anyone to suggest innovative ideas, while others can conveniently vote and leave feedback, including anonymous options. Once an idea garners a predetermined number of votes, the individual behind it may begin the investigation phase. Occasionally, an executive might opt to fast-track an idea's development without waiting for the full quota of votes. During this phase, the innovator is allocated around 30 days and specific resources to delve deeper into their idea, ultimately leading to a presentation before executives. If the investigation yields promising results and receives a favorable evaluation from a panel that assesses the business case, the idea progresses to incubation, where it will be subjected to prototyping, limited testing, modifications, and validation. It’s crucial to understand that not all ideas will find success, and this is considered acceptable, as some may simply emerge before their time, even after extensive research has been conducted. In the end, the process concludes with either the rollout of a new product or an improvement to an existing process, or a decision to Pass or Perish the idea, depending on its feasibility. This comprehensive approach not only fosters creativity and innovation throughout the organization but also promotes valuable feedback mechanisms that can lead to further enhancements. By nurturing a culture of innovation, the company positions itself to adapt and thrive in an ever-evolving marketplace.

Media

Media

Integrations Supported

Microsoft 365
Microsoft SharePoint

Integrations Supported

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Pricing not provided

Supported Platforms

SaaS

Supported Platforms

SaaS
Windows

Customer Service / Support

Standard Support

Customer Service / Support

Standard Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Webinars
Online Training

Company Facts

Organization Name

Acuvate Software

Date Founded

2006

Company Location

India

Company Website

acuvate.com/wave

Company Facts

Organization Name

Valvora

Date Founded

1984

Company Location

United States

Company Website

www.valvora.com/products/innovation-station/index.html

Categories and Features

Idea Management

Activity Dashboard
Collaboration
Creator Tracking
Idea Ranking
Status Tracking

Categories and Features

Idea Management

Activity Dashboard
Brainstorming
Collaboration
Creator Tracking
Idea Ranking
Project Tracking

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