Wellspring Blog

Is it time to rethink the nearly twenty-eight-year-old technology readiness level (TRL) framework? The TRL is by far the most popular evaluation framework for corporate technology scouts, but although it can easily be applied to a wide range of opportunities, the generality of the system ignores... Read More

The electric utility industry is experiencing sweeping, radical restructuring. Legacy bulk-power grid systems are becoming obsolete. As the bulk-power grid wears out, investment is failing to keep up with deterioration. Add on a growing population and more extreme weather, and the power grid is... Read More

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

Companies are entering new markets based on technology or consumer behavior trends to remain competitive, which requires collaboration with external partners. Johnson & Johnson’s Medical Device unit that saw a quarterly sales increase of 1.3 percent to reach $6.1 billion last year credits the... Read More

Having difficulty sorting through external technology in a way that easily translates into a business strategy? Scouting teams are faced with the difficult challenge of scouring through an ever-increasing pool of external innovations and identifying which ones have the potential to create a... Read More

Global food production must increase by 70 percent in order to feed 9.2 billion people by 2050 (1). That places a lot of pressure on farmers to reduce waste, increase crop yields, and search for scalable and novel technologies. Innovative technologies and techniques will help farmers make more... Read More

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Employ Technology Scouting and IP Management For many industries, innovation is a slow and costly process. This is especially true of capital-intensive verticals such as chemical manufacturing. Yet, innovation remains a top priority for corporate bosses in the chemical industry and a major... Read More

2015 has been a year to remember, and we are proud to provide the most robust software solutions for Technology Scouting, Corporate Venture Capital, Tech Transfer, Sponsored Research, and Clinical Trials management. Our dedicated team of professionals has worked hard this year to continue advancing... Read More

You are tasked to find that all-important next big thing—how do you find it amongst the deluge of information on the web? It’s like finding a needle in a haystack, and the haystack keeps getting bigger. Crowdsourcing and Google searches are shotgun approaches to idea gathering and can take huge... Read More