What is Wellspring Innovation Management?Wellspring Innovation Management is a purpose built innovation management software for technology scouting and transfer, corporate venturing, sponsored research, IP management and licensing. The platform offers scouting, workflow management, pipeline insights, and reporting.
Wellspring Innovation Management enables technology transfer using automated emails, workflows, online marketing, licensing, and disclosures. The invention, IP, and contract management module provides customizable workflows, contract and IP licensing management, automated docketing processes, and automatic reminders and calculations for contract obligations. The platform identifies and sources required technologies by searching records, scientific grants, research publications, and patents. It assists with the process of searching for partners by scanning portfolios of start-ups, companies, and institutions for co-development.
Wellspring Innovation Management uses machine learning to conduct analysis of innovation strategies used by other companies and organizations. The platform analyzes tech areas trending towards maturity, organizations collaborating together, and which researchers, companies, and institutions are most active in certain fields. Technology development cycles can be tracked and managed and product life-cycle management (PLM) monitored. Additionally, the Wellspring Innovation Management element scans global databases in real time for innovation resources, patents, startup investment opportunities, and early stage inventions.