Traditional Research and Development (R&D) has long been the lifeblood of innovation in companies around the globe. However, it’s not without its share of challenges. Prolonged timelines, inflated budgets, and a heavy reliance on extensive lab work are some obstacles companies often grapple with. What if there’s an alternative route to innovation that sidesteps these issues? Enter Invention On Demand (IOD).
It’s no secret that many ground-breaking inventions are not the result of countless hours in a lab, but rather, they sprout from the fertile minds of inventors. Yet, how can companies tap into this kind of inventive thinking? This is where ipCapital Group’s (ipCG) IOD comes into play.
The Power of Invention On Demand
IOD is a unique and potent strategy. At its core, it is a focused brainstorming process. But unlike typical brainstorming sessions that churn out numerous ideas with little practical application, IOD births a multitude of invention concepts with potential enablement. It’s a strategic tool, a potent catalyst in creating a rich pipeline for development and intellectual property (IP) protection.
To paint a picture, imagine a room filled with brilliant minds, all devoted to generating innovative concepts. This focused ideation is then refined, with only the most promising concepts being chosen for further development. That’s IOD, a structured approach to invention.
The ipCG Advantage
ipCG is a pioneer in leveraging IOD to build strategic IP portfolios. Their expertise lies in harvesting, strengthening, inventing, and documenting business-critical IP. What sets ipCG apart is their commitment to coupling a robust innovation process with quality data inputs. These two elements, working hand in hand, yield actionable results, ultimately accelerating innovation.
In contrast to the lengthy cycles associated with traditional R&D, ipCG’s novel innovation processes deliver market-relevant, forward-thinking concepts in significantly less time. They take ideas, whether from virtualized innovation or other sources, and rapidly convert them into a documented, enabled invention concept ready for IP protection – a service ipCG refers to as the Patent Factory.
Innovation for All
The beauty of ipCG’s services lies in its flexibility. Regardless of the company’s size or function, they offer tailored innovation support. Whether it’s tech transfer services for larger corporations or the “Napkin to Market” service for independent inventors, ipCG has solutions designed to meet varied needs.
Furthermore, ipCG extends its innovation services to include crowd searching and patent searching via the ipCG Innovation Integrator. This service allows companies to leverage the collective brainpower of a diverse crowd, significantly expanding the pool of ideas and innovations.
Embrace the Future of Innovation
In conclusion, the path to invention need not be riddled with inflated budgets and slow, uncertain results. With Invention On Demand, companies can experience a faster, more efficient way to generate game-changing concepts, protecting them with strategic IP portfolios. As we move forward in this age of rapid technological progress, perhaps it’s time for companies to reconsider their approach to innovation and explore the potential of IOD.
