As an investor in early stage technology companies, one thing I am acutely aware of is the speed of innovation. In today’s world, things move fast. Technology is constantly changing, and the ability to see into the future is becoming more and more of a challenge. This is not only true in the world of technology, but in the worlds of pharma, bio-tech, and energy, to name just a few.
In many of these industries, the ability to quickly identify and harness new innovation is key to success. The challenge is almost always visibility. With so much innovation happening in so many places, how do you know where to look? With so many innovators hard at work, how do you identify the right collaborators? When you are in the business of innovation, how do you find the right licensing partners?
In an effort to solve these challenges, Collective IP has set out to create the first digital marketplace for innovators, companies and universities to find, showcase and share their emerging technologies.
The company began by aggreagating data from over 1,000 technology transfer offices around the world. By combining the rich TTO data (which is often curated by the TTOs themselves) with USPTO filings, grant data and clinical trial data, they have already created the most comprehensive database of emerging technologies in the world. The growing database is indexed, searchable, and available right now at www.collectiveip.com.
The power of the CollectiveIP database is that while it doesn’t rely on its users for content, it does allow for and encourage user engagement from the entire ecosystem. Through the platform, TTOs, companies, and eventually even individual innovators, will have the ability to claim their profiles and curate, enrich and share their data as they see fit. In addition, over the coming months, CIP will be introducing several tools for companies looking to identify, analyze and map new and emerging technologies.
We are excited to be partnered with Adam, Aaron, Ben and the entire CIP team in their quest to bring efficiency to the ever expanding world of innovation — and to play a small part in how today’s innovation will define tomorrow’s world.