Open innovation challenges where hard tech entrepreneurs
jumpstart their ventures. refine their solution. protect their IP. find their customers.
Jumpstart Your Venture
Entrepreneurs
ProblemSpace is a an open innovation platform where entrepreneurs can learn the challenges of potential customers and secure their first commercial commitments
Problem Space
Legacy-sector Companies
Find Your First Customer
Frank Yang, serial entrepreneur, winner:
“ProblemSpace helped us prove the viability of our model through a relationship with a respected corporate in Sto.
By winning the Open Innovation Challenge, we have not only accelerated production and distribution, but also have meaningfully advanced conversations with major investors.”
ProblemSpace Process

Corporate defines the problem and metrics for success

Ventures submit proposals to ProblemSpace in confidence

ProblemSpace selects candidates to interview (under NDA)

ProblemSpace evaluates proposals and makes recommendation to corporate sponsor

Corporate selection committee evaluates finalists (under NDA) and selects winner
Prizes Include
Contingent purchase order –
which can be used for funding
Corporate investment
in the venture
Fellowship to pursue
an earlier-stage concept
