Companies now look to start-ups, labs, and other external sources of innovation to solve critical technology challenges. Companies increasingly compete for access to the same IP - technologies with broad relevance like AI, machine learning, and data analytics. Current technology scouting approaches fail to keep pace with the speed of technology change and the proliferation of innovation outside of traditional hubs like Silicon Valley.
Tradespace provides a technology-enabled solution for companies to develop systematic, data-driven scouting strategies. We use machine learning to evaluate millions of patents to identify the strongest underlying technologies. Our predictive analytics let you evaluate how well a patent compliments your existing technologies. As a result, you can use our platform to analyze every patent in a given technology area, and evaluate technology partnerships based on IP, not marketing material.
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