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Wellspring Tech Scouting Review

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Very good

Revainrating 4 out of 5  
Rating 
4.0
IT Management, Technology Scouting

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Description of Wellspring Tech Scouting

No company has a monopoly on knowledge in its industry. Innovation leaders need to identify both new and emerging technologies and recognize disruptive threats before it's too late. Wellspring's software is used by top technology scouting teams to discover everything from early-stage research to start-up investment opportunities, developing a competitive landscape tailored to their needs. Wellspring software uses machine learning to intelligently stitch together hundreds of data sources covering patents, SEC filings, academic research, grants, and proprietary information to create profiles of innovative people, companies, and fields of research. By scanning millions of data points Wellspring is able to capture a holistic view of technology ecosystems, enabling you to identify, evaluate, and act on the next disruption in your industry. Search Thousands of Data Sources Using a Single Interface - Patents: EPO, USPTO, WIPO, and 90+ other countries. - Publications: 6,000+ research publications, including PubMed, IEEE, and other sources from all scientific fields. - Grants & Research Projects: A diverse set of foundations and over 50 scientific, military, and medical government sources. - Startups: Multiple startups databases, including open (e.g.Crunchbase) and proprietary sources. - Technology Marketplaces: Includes Flintbox, AUTM, and curated indexing of 1,000s of other universities and research institutes. - Regulatory Filings: ClinicalTrials.eu, ClinicalTrials.gov, SEC, and more. Case Studies Emerging Technologies and Market Landscaping in the Apparel Industry: https://cdn2.hubspot.net/hubfs/2204337/_Marketing%20Library/Case%20studies/Wellspring_CaseStudy_Apparel.pdf Building a Tech Scouting Organization in the Chemical Industry: https://cdn2.hubspot.net/hubfs/2204337/_Marketing%20Library/Case%20studies/Wellspring_CaseStudy_Chemicals.pdf

Reviews

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Type of review

Revainrating 4 out of 5

Easy to navigate platform, useful insights

I like how they do market analysis for businesses as well as looking at products currently available - this helps me understand my target customer better which makes working with them easier! Sometimes we have had some glitches but that seems normal when you're using different tools throughout your day/week etc so not much of an issue there either :). We are trying out one or two features now though just getting into our trial period (which can be up until 3 months) however i'm sure once these…

Pros
  • It's great for seeing what others are doing within other companies
Cons
  • I would say the biggest downside is the lack of features and the free trial period