Thursday, April 16, 2015

Innovation Business Intelligence

Patents and published patent applications are one of the only publicly available sources of concise scientific information on the output of research and development, the potential use of the inventions, and new product design features. 

If you want to have a deep understanding of the direction of science, technology, and engineering, read patents.  If you don't want to read all of the arcane patent, try the way we read patents to see what they are about.  You don't have to read all of the details to understand the essence of a new invention and where it fits into the world of innovation.  

Each week we publish weekly state-by-state digests about all of the new patents granted that week, the inventors responsible for them...all of the inventors not just the first named inventor on a patent.  This will help you know when local companies and inventors are granted patents. It will help you know which companies are local and which companies are around the company that are working with local inventors.  

So what do you do with this information?  Find investment and partnership opportunities. Know what is happening in your technology parks. Understand the science and technology behind new university spin-outs and start-ups. Work with companies building new products to focus on new STEM job creation and enhance workforce development. Use the Coming Soon™ navigation map to see what's happening and reach out, recruit, retain, and grow.

If you want to know what innovation is coming soon....read patents.  It's not as bad as you think.