Ideanco and HeroX Continue to Collaborate on Innovation and Transformation

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Vancouver, Canada – April 26, 2022

Since the strategic partnership between the idea innovator company, Ideanco, and the prominent crowdsourcing platform, HeroX, started in November of 2019 there have been many successful hybrid projects. The partnership has been able to prove what it set out to do; provide solutions for the global challenges within the innovation platform of the Ideanco Lab. Now with success under their belt, they have plans for new ways to support their clients throughout the innovation process.

When the partnership formed Ideanco had just finished a significant part of the company’s transformation to become a brilliant crowdsourcing model integrated with Artificial Intelligence. To initiate this collaboration, a couple of hybrid challenges came to life focusing on climate change and food security. Over the past 3 years, the HeroX platform has supported 3 of Ideanco global challenges.

Ideanco Climathon 2021

Nourishon Dubai 2020

Climathon Dubai 2019

By leveraging the HeroX network these challenges saw an incredible boost in traction, they received 20k new clicks from new innovators and a large increase in participation.

After much success amplifying the reach of prize challenges together, HeroX and Ideanco have set their sights on ensuring the results produced by a successful challenge flourish and produce amazing results for their clients. The partnership is excited to put more focus on continuing to support their clients’ post-challenge with Ideancos Incubator program.

Maher Ezzeddine, the CEO of Ideanco, had this to say about the new focus: “There have been cases where after some of the most successful prize challenges awarded at HeroX platform, none of the ideas of the innovators came to life, hence our interaction and integration to make sure it sees the light of day. Ideanco and HeroX look to ensure that the momentum post-challenge stays strong by continuing to support the development of ideas through the prominent ideanco innovation lab. We are happy to build on this partnership and look forward to groundbreaking products that will justify the formation of startups and create more jobs in all verticals we are currently focusing on”.

Ideanco Lab is a virtual and physical Lab (hybrid Lab) working closely with entrepreneurs, startups, and innovators to find global, impactful solutions for the world’s significant challenges. Such solutions provided by the innovators of HeroX will be developed further at the Ideanco Lab to become either a product or service, which is the beginning of the formation of a startup.

Kal Sahota, the CEO of HeroX, said “Our collaboration with Ideanco can be seen as an ideal example of how a powerful partnership and collaboration can support innovation. Ideanco adds tremendous value and benefits to HeroX by offering our global innovators access to a robust and meaningful list of challenges. Challenges which are well crafted, but most importantly impactful in the areas of climate change, environment, education, human aging, space exploration, and many more. We are pleased and excited to continue this partnership.”

Last year, HeroX received challenge projects worth millions of dollars supporting the innovator community within their ecosystem to create transformative ideas. Today, ideanco and HeroX will leverage such projects and build on a strong foundation to create products, jobs of the future and future jobs in the sectors mentioned above.

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