Wellspring Announces Next Generation Software Platform to Find and Manage Technologies and Investments

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Wellspring, the leader in technology scouting, tech transfer, and corporate venturing software, today unveiled its next generation software platform at the 2015 Wellspring User Group Meeting. The new platform is purpose-built to simplify how organizations find and manage technologies, expertise, and deals.

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Gain insight into what matters to successful execute an open innovation program.

This simplified approach solves one of the greatest challenges in R&D and open innovation.

Wellspring, the leader in technology scouting, tech transfer, and corporate venturing software, today unveiled its next generation software platform at the 2015 Wellspring User Group Meeting. The new platform is purpose-built to simplify how organizations find and manage technologies, expertise, and deals. Applications for Technology Scouting and Corporate Venturing are available today on the new software platform and additional applications will be available in 2016.

This groundbreaking software framework, code-named “Anavo,” is the result of 18 months of research and development. The Anavo technology seamlessly integrates real-time search of internal and external databases with workflow, assessment, and routing tools.

Wellspring partnered with Deep Web Technologies to develop the Search Once Scouting™, technology that enables users to investigate new inventions, patents, publications, and expert profiles in over 30 authoritative databases simultaneously. Users can import relevant results directly with no data entry and immediately begin their opportunity evaluation process.

The new Wellspring software platform also includes a completely redesigned user interface developed for rapid and simplified data capture and insightful reporting and visualization tools.

Dr. Robert Lowe, Wellspring’s CEO, said, “I am thrilled to announce the new Wellspring platform today. The combination of powerful search capabilities, a new interface, and robust reporting tools in a single system empowers tech transfer offices, technology scouts, and corporate venturing units to quickly and easily manage their portfolios. Wellspring is a unified software system that replaces countless hours of manual searching, data management on spreadsheets, and ad hoc reporting. This simplified approach solves one of the greatest challenges in R&D and open innovation.”

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About Wellspring
Wellspring delivers “Knowledge In Sight™” by providing purpose-built software to scout, manage, commercialize, and invest. Professionals working in technology scouting, corporate venturing, sponsored research, and licensing now have a simpler way to find and manage technologies, expertise, and deals. Wellspring software enables users to accelerate discovery, reduce redundant effort, and foster collaboration. Wellspring is also integrated with Flintbox, the world’s largest online exchange of early-stage technologies.

Founded in 2003, Wellspring works with more than 500 organizations worldwide that range in size from 100 to more than 100,000 employees. For further information, please visit http://www.wellspring.com.

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