Who Uses YIPSE?

The idea of pulling in IP from outside an organization or allowing external organizations to use internally-generated IP is called Open Innovation. The premise is simple: sharing has benefits. (Click here to learn more.)

For those companies that require IP to ease research or development, there is in-licensing and acquisition. In-licensing is licensing another’s IP, while acquisition is buying it out-right. If your company could benefit from such activities, YIPSE is the scouting tool that can identify the owners of the IP you’re looking for.

Some companies are sitting on gold mines without realizing it. They have solutions to problems that span outside their core focus or possibly outside their industry. This IP could be out-licensed or sold to others that could benefit from your ingenuity. The next step would be to use YIPSE to begin your research on the IP space surrounding your innovations. Are there similar solutions? Is there a trend? Are you the pioneer in the field? Find out and turn your IP into a money-making asset.

Build a better mousetrap, and probably only a few know about it; the world will remain ignorant. What innovators need is a way to get their intellectual property noticed. That’s where YIPSE comes in. Innovators can list their innovations for free on YIPSE, making it available for search by those scouting for solutions to their needs. With YIPSE's global reach, you innovation could be used by the business down the street or on the other side of the planet. The better mousetrap might just meet the better mousetrap builder – that’s what YIPSE is all about.

Are you an economic development professional? Do you have an Economic Gardening program? For businesses conducting competitor research and looking for new product development opportunities, YIPSE is quite the valuable tool. And if it’s a valuable tool for business research, YIPSE is an excellent addition to any set of Economic Gardening offerings.

If you are looking to provide assistance to companies in your area, YIPSE can be incredibly useful for expanding a business’s product offerings and growing jobs. Companies can find innovations for license from around the globe, and typically can expand their business on very agreeable terms.

The entire idea of open innovation that YIPSE fits into so well is about cross-pollination of IP. Economic Gardening is about jump-starting new companies that innovate from the ground up, or enabling existing companies to grow in new and dynamics ways. YIPSE and Economic Gardening are perfect partners.

Colleges, universities and research institutions want to see their efforts bear fruit. For some, it’s about prestige, for others it’s about revenue. YIPSE can support both goals by acting as a market research tool to survey what others are trying to license out in industry. A lot of activity might mean a lot of potential, or maybe there is a lot of prior art and the industry is saturated. What are the trends? What’s hot now? What seems to be waning? A heads-up market view can assist in resource forecasting and strategic planning. Whether you’re a researcher, or work in a technology transfer office, YIPSE is a great market research tool.

IP can be a very valuable asset. Yet, how does a financial intuition know what it’s truly worth? If you are financing an entity with IP, whether pledged as an asset or as part of a strategic review, how solid is it? Does it represent a tactical advantage in an emerging market, or is as unremarkable as yesterday’s news? YIPSE can assist financial institutions with their due diligence.

Another area of concern for financial entities in this current market is when they suddenly acquire IP as an asset. Valuation for the purpose of offering it for sale is paramount. Where do you begin? YIPSE is a great place to start because it’s all about technology scouting. With YIPSE, you can determine the market for your IP, and where’s it headed.

You’re conducting due diligence on an opportunity that lies before you. How solid is the IP? Is there competing IP? What are the trends in this space? Does it represent a major innovation in the field or an incremental change? Is there additional IP out there that could be licensed or acquired to strengthen the IP under consideration? Does such a portfolio approach make sense? YIPSE is the perfect place to begin such exploration.