Innovation as a process: Why crowdsourcing ideas isn’t enough

July 17, 2018
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

How to Grow Your Open Innovation Network

March 26, 2018
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

Preparing for AUTM 2018

February 08, 2018
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

How Organizations Can Manage Innovation

January 22, 2018
In the last thirty minutes, 700 patents were filed, 150 scientific articles were published, and 70 new start-ups were founded. Read More

Embracing Organizational Ambidexterity

October 19, 2017
Although open innovation serves as a path towards greater openness in product innovation and organizational growth, it is not immune to the typical failures that can be found within any business system. Failures in open innovation programs don't necessarily mean that open innovation itself is... Read More

Four Open Innovation Techniques

June 29, 2017
  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

3 Tech Scouting Mistakes to Avoid

November 04, 2016
The tech scouts we work with have shared their deepest fears and past blunders. Here’s some strategies to avoid the same fate: Read More

Olympic Innovations: How Technology Impacted Swimming

August 17, 2016
Nearly every Olympics, we hear about a new broken world record in one sport or another. While much of this can be attributed to better training, coaching, and dietary techniques, the headlines never focus on the impact that technology has on these records. Although we like to believe that new... Read More

5 Tactics to Improve Your Technology Scouting

August 08, 2016
Identifying cutting-edge technology is simply the first step of technology scouting. The key to effective tech scouting is to capture the right opportunity at the right time. We assembled a list of five tactics to help you streamline your process. Read More

How Does Amazon Push the Envelope?

July 01, 2016
Knowledge assets are the critical inventions, patents, or personal expertise that catapults your innovations to market. This could be a collaborative discussion or the discovery of a new formula leading to your company’s most competitive product. In an increasingly innovative world, companies must... Read More
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