WED, Inc. operates an innovative platform that hosts global challenges aimed at driving creative solutions and fostering collaboration among participants. The company serves a diverse range of clients including startups, corporations, and individual innovators who are looking to solve complex problems through open innovation. WED, Inc. operates in the competitive market of innovation management and crowdsourcing, leveraging its platform to connect problem-solvers with organizations in need of fresh ideas. The business model is primarily based on organizing and managing innovation challenges, for which it charges entry fees, sponsorships, and partnership deals. Revenue is generated through these fees and long-term contracts with corporate clients who seek continuous innovation support.

Keywords: innovation, challenges, collaboration, startups, corporations, open innovation, crowdsourcing, problem-solving, platform, global.