Wellspring Blog

The 2017 R&D Trends Forecast by the Industrial Research Institute estimates that global R&D investment will increase by 3.4% in 2017 to $2.066 trillion with academic institutions and federal labs making up a significant portion of that total. Government and academic researchers play a critical role... Read More

Every organization and large company faces an existential threat from upstart competitors, changing consumer preferences, and emerging technologies. Since 2001, 52% of the Fortune 500 has disappeared. Furthermore, since 1955, the average lifespan of the Fortune 500 company has decreased from 75 to... Read More

Intellectual property management requires a disciplined and rigorous approach that ties up valuable staff time and attention. Fortunately, docketing software can help small teams to get more done by empowering IP counsels, paralegals, inventors, and technology managers work smarter. With... Read More

Research and development (R&D) is the lifeblood of innovation. Universities, corporations, state and federal agencies, laboratories, and nonprofits all utilize R&D to advance scientific discovery and generate innovation that creates jobs and improves quality of life. This issue of the Illinois... Read More

While there are many reasons to attend the Sophia User Group Meeting, some are better than others. To help, we've summarized some of the best below:  Read More

With docketing being one of the most crucial functions for intellectual property management, offices need an effective IP docketing system that can reduce spending and labor needed to process and maintain intellectual property claims. Fundamentally, IP docketing software functions like a virtual... Read More

  There are four main tactics that organizations commonly use for inbound open innovation; tech scouting, vertical collaboration, horizontal collaboration, and technology sourcing. These four tactics are all positively correlated with innovation performance and are all useful to firms who are... Read More

Although large multinationals can no longer maintain the R&D and innovation monopolies they enjoyed in previous decades as displayed by research centers such as Xerox’s PARC, there nonetheless remains a disparity in the level of investment between firms. A phenomenon has emerged where dominant... Read More

With over 140,000 novel compounds analyzed before selecting one for commercialization, Dow AgroSciences depends on technology scouting to continually fill its global R&D pipeline with new opportunities. Even with 8,000 employees, this is a task too large to be done solely through internal research. Read More

Why horizon scanning is valuable Read More