As inbound innovation becomes challenging and less viable, companies are adopting to open innovation rapidly. Patents were earlier filed in papers in local language which made it timeconsuming to identify and monetize. Technological advancements in Patenting databases has now made it easy to classify patents with Metadata and even high-quality machine language translation is available to decode Patents filed in foreign scripts.
Help your organization adopt “open innovation” business models. Today’s leading companies achieve sustainable growth. Open innovation requires a new network approach to R&D – MaxVal can help you capitalize on it through innovation. Open innovation can complement your internal innovation processes to help you achieve sustainable growth.