Wellspring Blog

Within the innovation space, one of the key points of expansion is the application of leaps in information technology to the physical world. Just as the internet revolution brought about change by networking computers, another similar revolution seeks to bring about change by networking and... Read More

While the innovation prowess of the top-performing companies are well known, the “big business” side of the market only represents one-third of the $30 trillion dollars in private sector gross receipts. The mid-market, representing another third, is largely defined as firms with annual revenues of... Read More

Maintaining an innovation network is easier said than done. With 150 scientific articles, 720 patents filed, and 80 startups founded every 30 minutes, even the most lavishly staffed innovation teams cannot parse this level of data. Read More

Industrial agriculture is a highly complex operation. We've practiced agriculture for some 12,000 years, and in that time have continued finding innovative ways to feed a growing population. Dow AgroSciences is very open about the complexity of their R&D pipeline. They told Grainews in 2016 that,... Read More

There's a reason research and development funding accounts for about 3% of GDP. It's the same reason Amazon, despite already being among the world's leading global enterprises, spent $22.6 billion on R&D last year, and why the pharmaceutical industry as a whole dedicates 18 percent of its entire... Read More

There’s a seismic shift underway in the nature of innovation management. All the momentum that was once with the wealthiest, most resource-rich enterprises has changed hands; it’s now at the command of organizations that pay the closest attention to externally originating innovation opportunities. Read More

Crowdsourcing isn’t new as an innovation technique. We can find large-scale examples of it going as far back as the 1700s, like when the British government offered more than $26,000 to whoever could figure out how to determine longitude at sea. It’s the way we go about crowdsourcing that has... Read More

2017 USPTO stats show a slight increase in patent grants compared to 2016. However, fewer patent applications are being published. Why? These numbers illustrate a shift in mindset towards patent applications among intellectual property (IP) teams that has appeared in recent years.  Read More

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

As a long-time sponsor of the AUTM Annual Meeting, Wellspring is looking forward to meeting attendees in Phoenix this year. Whether this is your first event or you’re a regular at AUTM, it always helps to prepare for the four days of professional development and networking. With so many engagement... Read More