Profile: Innovaro Inc (INNI.PK)
12 Dec 2013
Innovaro, Inc. (Innovaro), incorporated in July 1999, is an innovation solutions company, focused on innovation management consulting and software. Innovaro offers a set of services and software to innovation projects. The Company’s LaunchPad software product provides an integrated innovation environment, and intelligence and insights services. These services are provided internationally from its offices in the United States and the United Kingdom. Innovaro Europe, Ltd. and UTEK Real Estate Holdings, Inc. are its wholly owned subsidiaries. operates in two segments: Strategic Services and Intelligence and Insights Services. Strategic Services driven by Strategos, an innovation consultancy, and Intelligence and Insights Services includes online platforms, partnering services, global licensing, technology transfer services, futures and trends, research, information services and intellectual property (IP) consulting. Innovaro Europe, Ltd. and UTEK Real Estate Holdings, Inc. are its wholly owned subsidiaries. Effective August 31, 2012, the Company sold its PharmaLicensing/Transfer, Global Licensing and Knowledge Express operating divisions to IP Technology Exchange, Inc.
The Company’s strategic services segment leverages its Leading Edge Innovation Practices (LEIPs) methodology. Innovaro works closely with its clients to identify, develop and act on growth opportunities and game-changing business strategies. The Company helps its clients to manage their innovation process and optimizing results. During the year ended December 31, 2011, approximately 83% of Innovaro’s revenue was from its Strategic Services segment.
The Company competes with McKinsey & Company, The Boston Consulting Group and Monitor Group, Inc.
Intelligence and Insights Services
The Company’s intelligence and insights services business provides information to assist clients in gaining insights and making decisions. Innovaro also provides a foundation to licensing. The Company has an online information service. Pharmalicensing is a biopharmaceutical innovation resource designed for life science professionals driving partnering, licensing and business development worldwide. Knowledge Express is an online, information service built for business development, technology transfer and marketing professionals across technology industries. Innovaro’s service includes access to corporate profiles, industry contacts, technology pipelines, investigational technologies, deal information, sales data and patent data. Pharma Transfer provides an online source of research and peer reviewed business development opportunities for the international pharmaceutical market.
Innovaro’s global technology licensing service enables clients to enhance their product pipeline through the acquisition of technologies primarily from universities, medical centers, federal research laboratories, select corporations and university incubator programs. Global Lifestyles is an online resource for professionals who work in trend-dependent functions, such as consumer insights, strategy and planning, innovation, new product development, and market research. Technology Foresight is also an online source.
The Company competes with IP Group plc, British Technology Group plc, Intellectual Ventures, Yet2.com, Competitive Technologies, Inc., Reed Elsevier, PharmaVentures, Nerac, Inc., Thomson S.A., BioPharm Insight, EvaluatePharma, The Patent Board, Ocean Tomo, LLC, PatentCafe, 1790 Analytics, Forrester Research, Inc. and Gartner, Inc.
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