Innovation capitalist
An Innovation Capitalist is a type of innovation intermediary.
Innovation capitalists are firms, often with a particular industry expertise, that seek out and evaluate ideas and technologies from the inventor community and other external sources. One type develops and refines those ideas to the point where their market potential is validated, and they then sell the rights to the innovation to large client firms. Another form of innovation capitalist seeks out ideas and technologies under contract from large client firms; develops and refines those ideas to the point where their market potential is validated, then sells the rights to the innovation to their client. Both types of innovation capitalist invest in the technology in order to reduce the client company’s acquisition costs and early-stage risks. In return, they share in the proceeds from the innovation.
The term Innovation Capitalist was coined by Prof. Satish Nambisan of Rensselaer Polytechnic Institute and Prof.Mohanbir Sawhney of Northwestern University in their article in the Harvard Business Review in March 2007.
References[edit]
- Nambisan, S and Sawhney, M. "Meet the Innovation Capitalist," Harvard Business Review, March 2007, 24.
- Nambisan, S and Sawhney, M. "A Buyer's Guide to the Innovation Bazaar," Harvard Business Review, June 2007.
External links[edit]
- http://www.hbsp.harvard.edu/hbrsa/en/issue/0703/article/F0703D.jhtml?type=F[dead link]
- http://endlessinnovation.typepad.com/endless_innovation/2007/03/innovation_word.html
- http://shoptalkmarketing.blogspot.com/2007/02/proposing-value-adding-middleman-for.html[unreliable source?]
- Evergreen Innovation Partners - a Product Capitalist(R) firm that focuses on consumer products. Two of EIP's partners maintain active blogs on the innovation capital model: Dispatches From the Frontier and View From the Bridge.
- IGNITE IP, LLC - an Innovation Capitalist (IC) venture fund that invests in and manages all aspects of the commercialization process for disruptive and valuable technology.
- IP2Biz LLC - An Innovation Capitalist (IC) that unearths technologies primarily at major research universities.
- MindForce Consulting (MFC) -- An Innovation Capital firm that assembles Commercialization Teams from MFCs core consultants and MFC's professional talent network of 150,000 MBA's around the world, to commercialize clients' technology, usually by building new ventures or finding licensees.
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