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Policy

InnoCentive gets investors

February 6, 2006 | A version of this story appeared in Volume 84, Issue 6
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InnoCentive, the website where companies post scientific problems, has completed its first round of venture capital funding, a $9 million investment led by Spencer Trask Ventures. At the same time, InnoCentive founder Alpheus Bingham has been appointed as president and CEO; he will retire from his position as vice president for Lilly Research Laboratories. Omidyar Network and Lilly Ventures also joined the funding round. InnoCentive was launched by Lilly in 2001.

Chemical & Engineering News
ISSN 0009-2347
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