Wellspring Worldwide, an Arvada-based provider of technology transfer and IP management, has embarked on a new chapter in the innovation management industry following its recent acquisition of Sopheon. The unified brand, Wellspring Worldwide, aims to revolutionize how organizations manage and commercialize innovation through its AI-enabled platform.
Wellspring’s mission is to accelerate progress by transforming how inventions are discovered, managed and brought to market. “At Wellspring, we’re passionate about Innovation and see AI as a powerful tool to improve our customers’ ability to execute,” said Sean Downs, CEO at Wellspring. He highlighted the rapid changes artificial intelligence is driving across industries and the company’s focus on building AI technology that delivers real, measurable value.
Wellspring’s approach to AI is pragmatic, focusing on the specific needs of the innovation economy. Key AI capabilities being introduced include:
- AI-driven efficiency: Automates routine tasks, potentially eliminating up to 80% of the time spent on manual activities.
- Actionable insights: Streamlines technology searches to help companies identify market opportunities and collaborate with innovative partners.
- Data protection: Solutions designed to deliver value without compromising confidential information.
- Developed with real world experience: Initiatives developed in collaboration with industry-leading companies.
“This isn’t just AI for AI’s sake,” said Scot DeLancey, CPO at Wellspring. “We’re building solutions that accelerate innovation by using AI as a tool to improve the already powerful capabilities of our platforms.”
The company is promoting a concept called “Growth Innovation,” where growth is prioritized as the key outcome of innovation efforts. Future AI-powered tools from Wellspring will aggregate and analyze data throughout the innovation lifecycle, positioning the company to enhance innovation processes.
Wellspring’s platforms aim to provide organizations the tools necessary to remain competitive. By automating lower-value tasks, teams can direct their efforts toward more impactful innovation initiatives. “This is how organizations will discover new IP, stay competitive and solve for what’s next,” said Jacob Chappell, CRO at Wellspring.”
