What are Innovation Capitalists?

"In a world of abundant knowledge, hoarding technology is a self-limiting strategy. Nor can any organization, even the largest, afford any longer to ignore the tremendous external pools of knowledge that exist." –Henry Chesbrough

Navigating the emerging Open Innovation landscape can be a tall order for even the most astute business professionals. The wide variety of resources available to companies seeking new products and innovations can be intimidating and often overwhelming. Sometimes just figuring out where to start can seem like an impossible task. Fortunately, a new entity has emerged to make it easier for companies to connect with inventor communities.

Innovation capitalists help companies to identify market-ready ideas, sparing them the costs of licensing market-ready products and the risks of developing raw ideas. These groups act as a bridge between inventors and companies, making it easier for businesses to seek out new product ideas that fall under their umbrellas.

By working with innovation capitalists, a company opens its doors to a multitude of innovative ideas they may have never conceived on their own. As Open Innovation propels business into the future, innovation capitalists will play a key role in helping companies to cultivate innovation and sustain it over time.

August 4, 2008
The Missing Link in Open Innovation: Where Product Managers Should Be Looking for New Ideas
Reveals an overlooked resource in open innovation.
Available Soon
Connecting with Innovation Capitalists: Reducing the Risks and Costs of New Product Development
Explains how innovation capitalists can boost your efforts.
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