The SPARK-IT project is a trustworthy open-source platform for growing ideas, projects and business plans in an environment with specialists in various fields that share their knowledge to enhance innovation. The goals of the project are to accelerate startup growth, to facilitate consultancy from experts in different areas, and to provide a gateway for potential investment opportunities or crowdfunding campaigns. Leveraging the advantages of blockchain technology, SPARK-IT fosters a culture of trust and transparency, shielding one’s intellectual property and empowering innovators to find mentorship and collaborate confidently. An artificial intelligence based matching solution and a reputation system using reputation tokens enhance the democratizing access to valuable expertise, while reward tokens with monetary value incentivize specialists to contribute their knowledge, ultimately advancing a thriving ecosystem of innovation and collaboration. The design of the data transfer protocols, and the storage policies provide security, and ensure that only the intended actors can access the information. This is achieved using blockchain technology for traceability, and a decentralized storage system with encrypted data for providing secure access control over the proposals, the obtained feedback and other intellectual property. SPARK-IT paves the way to developing the innovator’s business models into ground-breaking solutions that can have a significant impact in the industry.