Innovaro, Inc., an innovation solutions company, focuses on delivering solutions to its clients through a combination of software and associated services, as well as information for strategic decision making. The company offers a set of software to ensure the success of any project.
The company’s management software platform, LaunchPad, is designed to be improved and complemented by service offerings to clients. It has general release to market of LaunchPad Imagine, LaunchPad Design, and Launch...
Innovaro, Inc., an innovation solutions company, focuses on delivering solutions to its clients through a combination of software and associated services, as well as information for strategic decision making. The company offers a set of software to ensure the success of any project.
The company’s management software platform, LaunchPad, is designed to be improved and complemented by service offerings to clients. It has general release to market of LaunchPad Imagine, LaunchPad Design, and LaunchPad Listen. Through LaunchPad, the company would provide software and associated services.
Operations
Intelligence and Insights Services
The company’s Intelligence and Insights Services business provides information to assist clients in gaining insights and making decisions. It provides the insight and intelligence that the company’s clients require, applied to their markets today and into the future. From current market research to predictive intelligence, the company helps its clients find insights at the intersections affecting their business. Its research identifies and explains key consumer trends, including emerging trends not covered by other sources, and delivers insights about how these trends would shape the future operating environment.
Trends and Foresight
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. It tracks developments in a range of categories from demography, to technology usage, to consumer values and attitudes.
Technology Foresight is also an online source that has tracked various scientific and technological fields and examined topics that range from genetics to emerging applications in social networking. The company tracks various scientific and technological fields - from information and communication technology to material science and from nutrition to neuroscience.
Innovaro LaunchPad
The company’s LaunchPad software product provides an integrated environment, which embodies its Leading Edge Innovation Practices to offer a process. It offers LaunchPad Imagine to the market and has been working with select companies. The company continued to expand the capabilities of Imagine during 2012 to include various new data sources. It introduced LaunchPad Design to provide customers with support in developing and validating business models. The company also introduced LaunchPad Listen in 2012 to allow clients to monitor social media and analyze sentiment as key input to their business and to the innovation process. LaunchPad Accelerate is designed to take the outputs from the current products and extend them further into the organization’s product delivery process.
Clients
The company has a global client base, including private and public sector organizations of varying sizes, representing a range of industries. Clients for its subscription services might include universities, research centers, and primarily companies across a group of industries. Clients for its other services within the Intelligence and Insights Services business might include both private and public sector organizations, representing multiple industry sectors, including retail, government, telecommunications, chemicals, media, financial services, energy, and utilities.
Dispositions
In September 2012, the company sold its Pharmalicensing, Global Licensing, Pharma Transfer and Knowledge Express operating divisions to IP Technology Exchange, Inc.
In October 2012, the company sold its Strategic Services division, known as Strategos.
Business Strategy
A major component of the company’s strategy is to embrace both software and information offerings from other firms through an open innovation approach.
Significant Events
In October 2013, Innovaro, Inc. announced the opening of the American - Kazakhstan Technology Cooperation Center. The Center's goal is to establish and develop partnerships between entities of both countries that would foster technological cooperation and promote innovation.
Competition
The company’s competitors include Forrester Research, Inc. and Gartner, Inc.
History
The company was founded in 1996. It was formerly known as UTEK Corporation and changed its name to Innovaro, Inc. in 2010. The company commenced its operations in 1997. The company was incorporated under the laws of the state of Florida and subsequently under the laws of the state of Delaware in 1999.
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