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Spigit Stage: Venture
Web Site : http://www.spigit.com
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Based in Pleasanton, CA, Spigit is an early-stage software company that provides innovation/idea management services to enterprise customers. It provides customers with collaborative, social networking tools to engage employees and customers for business innovation and idea discovery. Users submit, review, vote and provide feedback on ideas on the platform. A ratings algorithm escalates ideas, prevents "gaming of the system," and awards points to those who generate ideas so that he/she can use them for awards or other recognition. Ideas generated through the platform have created measurable value for its customers, including revenue generation and cost savings.
Spigit's customers include 2 of the Fortune 10 and over 35 of the Fortune 500. These companies are using the Spigit platform, as a corporate social network, for internal innovation, for external partner and customer idea portals, community driven contests and promotions, and as a crowdsourcing platform for trade shows and conferences.
