Ideawake helps companies transform employee ideas into repeatable growth.
Ideawake helps companies transform employee innovative ideas into repeatable growth. Now more than ever, companies large and small are seeking ways to involve their employees, customers and other stakeholders more deeply in strategic planning and continuous improvement.
The problem is that great ideas and valuable knowledge are trapped inside these stakeholder’s minds, making them difficult to collect, analyze and put into action. This leads to lost revenue, increased turnover rate from low employee morale, and wasting resources pursuing projects with low market potential.
To incentivize participation, our platform uses a gamification system that gives users points for participation, which can be used to track performance. At the end of each quarter, continuous improvement team offers prizes of their choosing to the top performing participants.
Founded: October 2013
Employee Count: 5
Number of Investors: 8
Funding Raised: $950,000
Location: 1245 North Water St. Floor 2, Milwaukee WI 53202
CMO and Head of Analytics
Tim is passionate about innovation and analytics, so much so that he moved up from St. Louis to Milwaukee to join the Ideawake team full-time back in November 2016. He’s an interactive marketer with experience in all aspects of digital marketing including interactive web development, SEO/SEM, email marketing, and web analytics – all with a focus on ROI. He prides himself on being a creative problem solver willing to tackle any challenge.
As a company grows to employ hundreds, and even thousands of people, it becomes continually harder for frontline employees’ ideas to reach management. This disconnect can become frustrating and lead to employees becoming disengaged which, in some companies, affects 50% of employees and can cost $2,200 per disengaged employee per year according to a study conducted by ADP. view full article
Coby Skonord, founder of the Milwaukee-based tech startup Ideawake, is a believer in the apprenticeship model of learning — training through direct action rather than abstract instruction. Which is why, as a participant in Milwaukee Startup Week, he decided to get representatives from established local companies like Aurora Health Care, Rundle Spence Co. and Vector Technologies to physically sit down and meet with entrepreneurs during an event he hosted called “Startup Co-lab.”View full article
The most difficult challenge facing most companies today is the critical necessity to stay abreast of the latest technological innovations that can disrupt the market need for their product or service. In order to overcome this challenge, companies are turning to their employees, customers and other stakeholders to come up with a wider breadth of novel solutions to complex business problems. view full article
In 2016, IdeaWake hired a new full-time employee and raised $275K from a group of notable local angel investors. Some of Ideawake’s clients include ExamOne, a healthcare company and Rundle Spence, a local wholesaler of plumbing parts. IdeaWake is also piloting its software with a few major companies, including a large healthcare company based in the Milwaukee area. view full article
Ideawake has had a long and arduous path to success, and I can’t thank my team enough for having the wherewithal to make it to where we are today. Ideawake accelerates innovation with idea management software that empowers enterprises to automatically identify the top 5% of ideas that drive 95% of bottom line results. view full article
Invite and collect ideas around targeted topics from your team or entire organization. Collaborate and provide recognition in real time.
We use employees knowledge to automatically surface the best ideas and collect information needed to assess potential.
Decision makers can easily review business cases, further rank ideas and assign teams to make them happen.
Understand your organization’s current innovation health and employee engagement in under 30 seconds.
Users earn points for participation and decision makers can award top performing participants with cash or non-monetary prizes.
One click login from email. Access Ideawake anywhere you have an internet connection by computer, smartphone or tablet.