TEKAPULT: INNOVATION–TO-MARKET MECHANISM
Goods’ manufacturers and service industries need incessant streams of their product improvements, new technologies, and other creative means for staying ahead of their competition. This is a never-ending process requiring huge human and financial resources for small, medium and even the largest enterprises.
Inventions and innovations provide impetus to new products and competitive advantage for retaining or increasing their owners’ market share. Such patented or unpatented intellectual property can be sold, licensed or used for achieving its owner’s political, economic, military, business or personal objectives.
Science, technology, engineering and mathematics (“STEM”), as well as physics, materials science (fusing metallurgy, physics, ceramics, and chemistry), biology, chemistry, electronics, IT, pharmaceuticals and medicine, informational levels are practically the same in all civilized countries.
How to harness and capitalize on the STEM+ knowledge, experience, creativity and talent of cross-discipline inventors in the world? Answer: Tekapult’s idea-to-market process accelerating engine.*
Tekapult may generate hundreds or thousands of task-tailored concepts, ideas, methods, techniques and products, while an internal R&D staff produces only a few options. Not off-the-shelf ready-made fixes but practical solutions of posed conundrums or themes. Tekapult engine implements commercialization of unutilized and ingenious inventions developed for “dual use” (military/ civil) systems, dropped product line, bankrupt company’s patent portfolio, or science foundation’s projects.
Tekapult complements and minimizes corporate R&D, planning and other departments, but does not replace them. It supplements but does not substitute knowledge-based piecemeal advice given by doctors, attorneys, accountants, appraisers, engineers, architects, plumbers, commercial databases, brokers and other information providers.
Tekapult-suitable themes or topics may range from nuclear waste recycling and edible food containers to waste-consuming bacteria’s spread control and sunlight conveyance and storage. Manufacturers may engage the bidding contest winners for joint product development or acquire the startups. Insurance, health care and other service providers may utilize Tekapult for their brand promotion, generation of logos, trademarks, slogans, and conceptual innovations.
Tekapult’s secret sauce recipe includes employment of various marketing methods, automated online innovation-bidding mechanism, and private connection networks to quickly reach out to topic related innovators situated anywhere in the world. The bigger the Requester’s rewards lodged with Tekapult, the larger innovators’ community would be attracted and engaged with respective proposal multitudes. Requester-chosen awards are based on the value-to-requester and task complexity criteria.
Tekapult paves a rags-to-riches pathway for entrepreneurs and innovators of any ilk (starting from students and unemployed workers to the most sophisticated university and government research labs) as their concrete and practical products or methods would be exposed to the welcoming, anticipating and winner-awarding recipients instead of frustratingly chasing investors and financiers at random.
Tekapult’s invention supplying system is beneficial for companies of any size and in any industry, nations’ job growth and economic development, talented individuals, research* or patent investment funds, and emerging / disruptive technologies developers in any country.
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*Note: Discovery-to-market span for a frying pan’s Teflon coating was 23 years.
*E.g., the European Union’s $1.3 billion Graphene Flagship research fund (200-team/142 universities consortium in 23 European countries) commercializes graphene research results by companies (Airbus, Royal Philips, BASF, etc.) and venture capitalists.