yet2.com Awarded Open Innovation and Technology Scouting Services Contract by NASA Johnson Space Center

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NASA has awarded a three-year contract to yet2.com to bring open innovation and technology scouting to NASA. Other agencies of the US government can also take advantage of the yet2.com scouting services through NASA.

Other agencies of the US government also can take advantage of yet2.com's scouting services under the NASA contract.

yet2.com, a global open innovation services company, has been awarded a contract under NASA’s Center of Excellence for Collaborative Innovation (CoECI) with a potential value of $1.62M over the next three years to bring open innovation and technology scouting to NASA. Through the NASA’s CoECI, this scouting service can be enabled for any other US government agency that has an interagency agreement with NASA. Open innovation is a process by which organizations use the best ideas developed both internally and externally to increase the flow of innovative technologies. Since 1999, yet2.com has been on the forefront of open innovation using its network of clients and affiliates to scout for new innovations worldwide.

Scouting for open innovation is a process of finding tangible technologies from established businesses. They’re often new technologies and may not have been commercialized into products, but they are far more concrete than general concepts or inventor ideas.

“We’re excited to be scouting new technologies again for NASA, and this time, with the CoECI, and other agencies,” said Dr. Eugene Buff, Vice President of Consulting at yet2.com. “We’ve been privileged recently to work closely with the technologists at NASA and to conclude a highly successful pilot program to expand NASA’s abilities in making technology connections. This new effort will build on that previous close engagement and success.” In addition to scouting for new technologies, yet2.com provides outlicensing marketing, advice on intellectual property and patents, and assists client companies through deal negotiations.

Jason Crusan, Director CoECI at NASA, said, “The US government has been investigating the effectiveness of new business models, new tools, and new strategies that support open innovation. Through this contract with yet2.com, NASA and the partners of the CoECI will have access to technology scouting to help identify key technical capabilities that exist around the world.”

yet2.com uses several methods to identify contacts of interest. Each technical need is posted anonymously on its marketplace website. yet2.com actively searches through multiple databases of contacts from universities, small firms, entrepreneurs and venture capitalists. All technical needs are posted on the yet2.com website for approximately 3-4 months.

Currently, yet2.com maintains corporate offices in the Boston area, Wilmington, DE, Liverpool, UK, and Tokyo, Japan, along with working closely with several affiliates and broker-partners in countries such as Brazil, China, India, Russia, South Africa, and Spain.

About the Center of Excellence for Collaborative Innovation (CoECI)

The Center of Excellence for Collaborative Innovation (COECI), is a Government-led virtual COE designed to advance the use of open and distributed innovation methodologies to improve government missions. Established in November 2011, leveraging NASA’s success with these methodologies, the COECI serves to harness and redistribute the collective experience and best practices in collaborative and distributed innovation in the government. Through best practices sharing, the three primary functions of the COECI are education, providing implementation guidance, and development of metrics to measure Agency-focused performance.

The COECI provides guidance to other agencies on implementing open innovation initiatives from problem definition, to incentive design, to post-submission evaluation of solutions. Resources of multiple agencies are leveraged to conduct training and information sharing workshops, development of the repository for best practices, and measurement of performance. Using internal and external measures to judge the national impact on operational efficiency, the center represents a fundamental shift in how open innovation is approached in the public sector.
For more information, please go to http://www.nasa.gov/offices/COECI

About yet2.com

Positioned at the nexus of the global technology marketplace, yet2.com is an Open Innovation services company working with an international corporate client base. The company utilizes its broad global network of affiliates, its 130,000+ technology marketplace users, and its offices in North America, Europe, and Asia to scout cutting-edge companies and technologies beyond the reach of most clients. yet2.com is proud of its deep client relationships, providing customized deal flow opportunities and hands-on technology transfer assistance in the areas of technology search, monetization, Open Innovation portal management, and patent-buying. Additionally, the company searches continuously for novel technologies on behalf of its customers. It encourages those with innovative, commercializable technologies to contact yet2.com.

For more information, visit http://www.yet2.com
Contact: Tim Bernstein (tbernstein(at)yet2(dot)com)
+1 (781) 972-0600

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