Driving Growth with Technology Transfer - Niakwa, Inc. and Innovation Management Partners, LLC Form Strategic Alliance

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Innovation Management Partners, LLC, a technology transfer (http://www.innovationmgt.com/TechnologyTransfer.cfm) specialist who assists organizations to grow by sourcing new technologies and intellectual property, and Niakwa, Inc. (http://www.niakwa.com), provider of high quality, high performance, highly portable development software, signed a strategic alliance agreement on January 9th, 2007.

BusinessWire

BusinessWire

Innovation Management looks forward to working with Niakwa to identify potential technologies that will expand their product offering, and acquisition opportunities that fit its strategic vision for growth

For any growth-driven company like Niakwa, finding the new technology that fits strategically with their product development growth plan is critical to success, now more than ever. A quote from Alan Greenspan, former Chairman of the Federal Reserve, gives some perspective. He said, "...the increase in the value of raw materials has accounted for only a fraction of the overall growth of the U.S. GNP. The remainder...has occurred in the development of 'ideas' in products and services that consumers' value." A 2003-04 McKinsey report confirms this, citing that U.S. licensing revenues have increased from $15 billion in 1990 to $120 billion in 2003, and are expected to reach $500 billion by 2010.

Finding the right innovation at the right time though, can be daunting. In 2005, universities and research labs secured a total of 7,000 patents, yet only 500 of them (7%) made it into the marketplace. That means that 6,500 (83%) of these patented inventions and ideas for improvements were stuck on the shelves of their developers, not being put to productive use in the world around them.

There are millions of matches available to be made between the creators of new technologies (http://www.innovationmgt.com/ServiceTechnologyAcquisition.cfm) and companies like Niakwa, Inc (http://www.niakwa.com), who can extract the full potential of their value in the marketplace. Jason Dederich, President of Niakwa said, "Growth is a key to success in any business, and growth requires innovation. The wise executive realizes that there are tremendous opportunities surrounding innovations that originate outside his or her own organization. Yet the demands of running a business are such that it is difficult to create the time and the network necessary to find these outside innovations. To me, therein lies the greatest value of the Innovation Management service (http://www.innovationmgt.com/ServiceStrategicRelationships.cfm) - reaching the previously unreachable technologies, evaluating them, and putting them within my grasp."

"Innovation Management looks forward to working with Niakwa to identify potential technologies that will expand their product offering, and acquisition opportunities that fit its strategic vision for growth," commented Jeffery Bruce (http://www.innovationmgt.com/CompanyManagementTeam.cfm) , Managing Partner, Innovation Management Partners, LLC. Through its strategic alliance programs, Innovation Management assists companies in enhancing their new product development pipeline with the acquisition of proprietary intellectual capital from universities and laboratory research centers.

For additional information on locating new technologies outside the borders of your own R&D Department or matching your own internally developed innovations to interested buyers in the marketplace, visit http://www.innovationmgt.com (http://www.innovationmgt.com).

About Niakwa, Inc. - Privately owned, Niakwa is headquartered near Chicago with its research and development laboratory in Winnipeg, Canada. Since the early 1980s, Niakwa has provided high quality, high performance, highly portable development software and services to application developers worldwide. For more information about Niakwa, Inc., please visit its website at http://www.niakwa.com (http://www.niakwa.com).

About Innovation Management Partners, LLC - Innovation Management Partners, LLC provides comprehensive solutions for transforming and embracing the Innovation Ecosystem, by helping companies commercialize and source new technologies, managing intellectual property, and providing intellectual property consultation. Innovation Management is a leader in technology transfer and providing unparalleled access to breakthrough technologies. Whether it is sourcing from Asia, Europe, or North America, Innovation Management is developing a network to source technologies. For more information about Innovation Management Partners, please visit its website at http://www.innovationmgt.com (http://www.innovationmgt.com).

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