IdeaConnection, an Open Innovation Company, launches its Technology Scouting Service

Find emerging technologies quickly and efficiently with IdeaConnection’s new Technology Scouting Service, and you only pay only for leads you follow up on.

If your company relies on technology for success, you need to find technologies fast to stay ahead of the competition. Now you can find emerging technologies quickly and efficiently by using IdeaConnection's Technology Scouting Service that accesses more than 40,000 unique partners worldwide. All you need to do is sign up and your company will receive detailed information about technologies that are available for licensing, acquisition or collaboration. And you pay only for quality leads that you decide to follow up on.

IdeaConnection engages its thousands of industry experts to perform an active and continual search to find exactly what you need. And then the company develops a customized campaign designed to meet your criteria.

IdeaConnection’s Technology Scouting Service works because its powerful “network of networks” leads to better results. These networks reach in to many corners of the world, from small emerging companies to university labs and garage labs. The company reaches out to patent lawyers' offices as attorneys are drawing up patents for their clients.

Technology scouting professionals continually search within their specialties so that IdeaConnection can provide you with the critical technologies you seek through effective external knowledge searches—so you can stay ahead of your competition.

It is also a ‘win-win’ service for technology scouts. “Instead of asking ’Who has it?’ we ask ‘Who can find it?’ says Paul Wagorn, VP Business Development “And we pay the technology scout who finds it.”

There are two more key issues that set IdeaConnection apart from other technology scouting services: Transparency and Trust. For instance, IdeaConnection doesn’t hide the identity of the IP owner. “We believe the technology owner’s identity is important regarding whether or not the technology is of interest to the client,” explains Wagorn. Perhaps the owner is Joe in his garage, someone working in a university lab, or maybe their competitor. Perhaps the client doesn’t want to deal with Joe, or their competitor. Wagorn says that other companies do not reveal the technology owner typically because they are worried that the client will bypass them (i.e., not pay) and go directly to the IP owner. But IdeaConnection believes that trust is a key issue, and its Technology Scouting Service is producing results.

“What sets this service apart from other tech scouting companies is that IdeaConnection is outcome-based; it charges for value versus activity,” adds Wagorn. “While other companies charge hourly or monthly, we only pay for results.”

For companies looking for technologies, IdeaConnection helps you identify emerging technologies faster, more efficiently and more economically than your competition. You pay only on a results basis and pay nothing for results you cannot use.

Formed in 2007, IdeaConnection takes on challenges from companies large and small—including Fortune 500 companies. With diverse teams, world-class facilitators, and a high 'solve' rate, IdeaConnection is solving problems ranging from virtual reality to biochemistry.

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