Tori Innovations has come out of stealth mode and announced they have developed an internet-based social media service aimed to enhance firms’ innovation processes. Tori Innovations aims to lower the costs of their customers by allowing the firms to enhance their internal communications and bring the end users’ and stakeholders’ opinions faster and more efficiently into the R&D processes.

With Tori Innovation’s product it’s possible to collect feedback and ideas from widely dispersed communities of users, stakeholders, and employees, information the collection of which is something not previously possible on a large scale. This is achieved by placing widgets on the sites to allow people to create ideas and post them to the firm. The ideas coming outside the firm can then be collected on the company’s site, and then refined, reorganized, and processed for decision making.

Tori Innovation’s technology is based on spinoff from research of VTT Technical Research Centre of Finland. Tori Innovations has a pilot project in the works with a high profile Finnish customer, which will be announced shortly. Then we hopefully get more details and can review the actual product as well.