20 01 2023 – Idea Drop has announced the signing of a binding acquisition agreement with UK headquartered global Innovation scale-up Wazoku.
We founded Idea Drop in 2014 to provides an idea management platform to help global innovators to discover, evaluate, refine and execute the most impactful ideas across their organisations. Since then we have worked with many incredible brands including BDO, Ericsson, AAA, BNP Paribas and NEC Group.
We are excited to be joining forces with Wazoku. We have admired the Wazoku business for some time and are also delighted to continue to showcase and strengthen the UK innovation story. The acquisition sees two prestige brands in the global innovation sector. Idea Drop clients will now get to benefit from the Wazoku Innovation_360 suite of innovation tools. The world has never been in greater need of innovative solutions to the big challenges of our time, and our offering is now one of the most comprehensive and complete solutions available to the global market.
Wazoku has been very active in the market in recent years as a key consolidator as it builds out its Innovation_360 platform. This acquisition is Wazoku’s fourth over the past three years, following US Open Innovation firm InnoCentive in 2020, Colombian open innovation company Channge in 2020 and Danish firm MindPool in 2022.
“The Idea Drop agreement, along with our 2022 acquisition of MindPool, is all part of our innovation at scale vision and continues our mission to change the world, one idea at a time,” continued Simon Hill, CEO, Wazoku. “There is such a focus now on sustainable business and looking for different ways to solve problems, and Wazoku has created an enormously compelling proposition to help address those. Organisations use our platform to help save lives, make the world a better place and create billions of dollars of value and the addition of Idea Drop will only enhance this.”
