Leveraging Big Data Tools to Pinpoint Monetization Opportunities for Proven Technologies
OTTAWA, ON, June 30, 2021 /24-7PressRelease/ — Mr. Greg Waite, CEO of InventionShare, announced today that InventionShare is broadening it’s focus by expanding the company business model. Mr. Waite said “Originally our focus was on high risk/reward breakthrough technologies, however, going forward that focus will broaden to include technologies that are proven in at least one market to offer a lower risk profile and shorter monetization cycles.”
Breakthrough technology monetization is a high risk activity in pursuit of extraordinary gains. The process involves significant allocation of resources for each project for an extended period of time in order to complete a thorough validation of the technology prior to commencing business development activities.
By contrast, monetizing proven technologies is focused on market expansion where the problem of technology validation is already solved. The main activity is marketing and business development in pursuit of licensing deals that require comparatively little capital and time. This approach can generate a relatively large deal flow with moderate risk and returns.
Mr. Waite said “In order to expand our focus to include proven technologies, we’ll apply our experience with Big Data tools to analyze patent correlations to illuminate markets and companies that can benefit from adopting selected technologies.”
InventionShare specializes in accelerating the monetization of selected technologies across multiple applications and industries. Providing technology owners with an outsourcing option to monetize multiple market applications and enabling existing successful product companies to meet the competitive challenges of the future through strategic technology licensing. InventionShare offers a variety of innovative opportunities for investors to achieve capital efficient exposure to diversified technology markets.
For further information contact InventionShare at: www.InventionShare.com/contact
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