OSLO, NORWAY – February 15th, 2016 – Induct Software™ AS and Life Science Hub Wales have entered into an agreement to use Induct’s cloud-based innovation management solution as the infrastructure to support the innovative life sciences community.  

Initially, Induct is being used to underpin the Boost Cymru ideas competition in Wales, where the goal is to make the connection between ideas and commercialization a reality.

Thereafter, the use of Induct will be expanded to connect the life science community across the country to enable sharing of ideas and innovation. 

Life Science Hub Wales, based in Cardiff Bay, is the focal point for the sector in Wales, stimulating interaction, innovation, networking, and collaboration in healthcare and life sciences.  As a nerve center for the whole of the Life Sciences sector, including academic and healthcare organizations, business, expert advisers, clinical and funding organizations, Life Science Hub Wales helps bring about investment, commercialization and ongoing business success in Wales.  The Induct platform is designed to facilitate and accelerate increased levels of innovation in this type of complex multi-faceted organization.

“We are delighted to be working with Life Science Hub Wales in creating a vibrant Welsh healthcare and life sciences ecosystem, the first significant Induct connected community in Wales,” said Alf Martin Johansen, CEO of Induct. “This type of cooperation really demonstrates how the Induct platform can connect people and new ideas in a larger network setting.”    

For further information, please contact:

Alf Martin Johansen, Chief Executive Officer
+47 90 17 94 35

About Induct

Based on eight years of collaboration with over 250 organizations, Induct offers innovation communities, delivered as "Software as a Service," that enable organizations to create, manage, track and measure the innovation process from idea creation through to final implementation and impact reporting. Induct enables its customers to connect with each other in larger networks to share best practices, while deploying and monetizing initiatives - all within a secure, collaborative, and access-controlled cloud-based network. Induct is listed on the Merkur Market list on the Oslo Stock Exchange with the ticker INDUCT-ME.


Induct: “Connecting Innovation Communities™”


Posted on February 15, 2016 and filed under Stock announcements, Company news, Investor relations.