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Wellspring Blog

The Business Case for More Effective Innovation

April 15, 2014
Every day brings a new press release or corporate statement extolling the virtues and importance of innovation to a corporation's future. But aside from mom and apple pie concepts of being a world leading product company, do stakeholders in the business really understand the tangible value that... Read More

R&D Spend Does Not Equate to Being Innovative

April 03, 2014
The Annual Global Innovation 1000 Study by Booz & Company includes a list of the companies with the highest R&D spending. Forbes magazine did investment related research into these top R&D spenders and concluded that contrary to popular belief, companies that spend more on R&D are not necessarily... Read More

Back in the Saddle

March 31, 2014
I will keep my first post short, given that I have just returned to the world of technology transfer after a short hiatus with other knowledge management disciplines, including a short stint for a start up software company in the realm of document and records compliance in the Cloud. Returning to... Read More

The Innovation Exchange: Five Lessons in Improving Execution from PepsiCo, Kimberly-Clark and J.M. Smucker

March 27, 2014
While establishing innovation and new product development process is no easy feat, effective execution and adoption of practices is even more difficult. Time and again, leading consumer goods companies recognize they need more from their innovation investments. Read More

Overcoming Challenges in Chemical Industry Innovation: Where Will You Start?

March 11, 2014
As an innovation or R&D professional in a chemical organization, you've likely experienced firsthand the challenges that come with striving for growth and competitive differentiation through innovation initiatives. With a rebounding economy and growing global demand, chemical executives are... Read More

3 Reasons Innovative Products Fail

March 10, 2014
Last week Barcelona was the place to be with both the colossal Mobile World Congress and the much more targeted Breakthrough Innovations (BI) conference. BI was focused on innovative product development with product leaders from a range of industries, including telecom to consumer products to... Read More

Help! My NPD Process is Stuck in the 80s

February 27, 2014
Your NPD process is stuck in the 80s when… Your organization still calls it ‘gated process'. Your portfolio of projects consists of an Excel™ spreadsheet. Projects get into the process and never get killed. Concepts are generated from random brainstorming or are management pet projects. Your... Read More

Stage-Gate – The Origin, Status Quo and Future

February 18, 2014
Stage-Gate ® recently celebrated its 30th birthday. We felt this would be a good occasion to take a closer look at where Stage-Gate comes from, its role and status today, and whether there is a future for this methodology. You cannot find a better person to answer these questions than the inventor... Read More

Wellspring Raises Growth Capital Round

February 11, 2014
I'm delighted to announce today that Wellspring has closed a $5M round of growth capital led by MK Capital. We concluded 2013 with our strongest year to date, posting substantial, profitable growth in each of our major sectors: academic markets, corporate innovation / R&D, and health care.... Read More

3 Ways to Get the Most Out of Your Innovators

January 30, 2014
You interview, hire, show them to their desks, and then what, hope for the best? Hiring an inspired and innovative staff is one of the biggest challenges you as a manager will ever take on, but getting innovative results from your staff takes more than just hiring the best candidate. Read More

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