What is Wellspring for Technology Transfer?

Wellspring provides the state-of-the-art system for academic technology transfer used by hundreds of organizations worldwide. As the recognized industry leader, Wellspring was developed from our experience working in tech transfer offices and has continued to evolve over the years on the input of our clients.

PRODUCT BROCHURE

how it works

  • DISCLOSURES

    Capture, edit, and review information on new invention disclosures, including inventors, key dates, sponsors, and potential licensees. Wellspring’s online disclosure portal for researchers provides efficiency and transparency to your office, faculty, and institutional leadership.

  • INTELLECTUAL PROPERTY

    From filing deadlines to office actions to renewals, Wellspring’s IP system provides full lifecycle management for patents, trademarks, and copyrights. Critical due dates, expenses vs. budget, nationalization schedules, and other essential steps are managed all in a single record.

  • AGREEMENTS AND FINANCE

    Wellspring’s Agreements module provides transparency to understand key dates and terms negotiated in a range of contracts: licenses, options, MTA’s, CDA’s, supply agreements, and many others. Wellspring’s financial system manages financial and non-financial terms as well as automatically schedules payments due and invoices. Lastly, the software’s comprehensive Distribution system calculates monies owed based on predefined policies, as well as provides reports to faculty and prints check requisition forms.

  • AUTOMATED REPORTING AND COMPLIANCE

    Wellspring includes a complete suite of process management and automation tools: reminders for patent fees, office actions, follow-up calls, royalty payments, and progress reports. Ensure no deadlines are missed. Each step of the process is tracked in detail, with the flexibility to customize the schedule and format of reminders to match your needs and preferences.

  • MARKETING AND CRM

    Integrate Customer Relationship Management (CRM) as part of your technology marketing efforts by tracking and proactively managing interactions with companies and people. Plan events, setup invitation lists, and send group emails to announce new technologies, events, partnership opportunities, or other information. Wellspring is also integrated with Flintbox, the world’s largest online exchange of early stage technologies.

  • PROACTIVELY MANAGE AND REPORT

    Wellspring produces clear, insightful reports to bridge the gap between what happened and why. Graphical reports enable you to view trends in your data over time, while drilling in to the detailed records for any time period. Plus, Wellspring’s industry-leading Query Builder enables you to report on any combination of fields in the system, then automate reports to be emailed to yourself or your team on a daily, weekly, or monthly basis.

THE SOFTWARE

WEB-BASED BY DESIGN

Experience matters. Only Wellspring has over 10 years of experience providing web-based technology transfer software. Our tried and tested platform ensures the highest levels of support, technology, and security. Settling for anything less than Wellspring standards places your most critical data and processes at risk.

FLEXIBLE AND INTUITIVE

Wellspring products are developed under our “user-centered design” (UCD) philosophy. UCD means that screen layouts and software tasks correspond to how humans intuitively organize and perform their job functions. The result is a tech transfer software system that is flexible and easily customizable to the processes, size, reporting needs, and technology focus of each university, laboratory, hospital, and company.

TOOLS TO ENGAGE FACULTY AND LICENSEES

Online engagement increases both the quality and quantity of disclosures and deals. Wellspring enables you to connect with faculty and corporate partners directly. Through an intuitive Researcher Portal, faculty and students submit disclosures, request MTAs and CDAs, apply for start-up funding, and check the status of their patents. Plus, Wellspring’s marketing tools enables outreach and interactions with potential licensees.

THE SOFTWARE

WEB-BASED BY DESIGN

Experience matters. Only Wellspring has over 10 years of experience providing web-based technology transfer software. Our tried and tested platform ensures the highest levels of support, technology, and security. Settling for anything less than Wellspring standards places your most critical data and processes at risk.

FLEXIBLE AND INTUITIVE

Wellspring products are developed under our “user-centered design” (UCD) philosophy. UCD means that screen layouts and software tasks correspond to how humans intuitively organize and perform their job functions. The result is a tech transfer software system that is flexible and easily customizable to the processes, size, reporting needs, and technology focus of each university, laboratory, hospital, and company.

TOOLS TO ENGAGE FACULTY AND LICENSEES

Online engagement increases both the quality and quantity of disclosures and deals. Wellspring enables you to connect with faculty and corporate partners directly. Through an intuitive Researcher Portal, faculty and students submit disclosures, request MTAs and CDAs, apply for start-up funding, and check the status of their patents. Plus, Wellspring’s marketing tools enables outreach and interactions with potential licensees.

Testimonials

“The average cost of developing applications was reduced greater than 20% in large part by using the cost review capabilities of Sophia. With Sophia, I estimate about $1.5 million per year in cost reduction for new applications”

IP Services Manager

 

“With Wellspring’s online disclosure forms, we now get more information right from the start while also being more accurate. What used to take 45 minutes, typically, now only takes 10 minutes.”

TTO Manager