As the world increasingly depends on the creation of new and novel ideas, the ability to manage them become paramount,. Ideation is a process that enables organizations to create, value and manage a portfolio of ideas. It can be divided into three areas: 1) Idea representation, aka Ontologies, 2)Idea evaluation and portfolio management, and 3)Idea process management. The objectives of this research are to: 1. Identify and analyze current short comings in the innovation processes, 2. Develop an ontology for ideas and the innovation process, 3.