Wellspring Aquires Flintbox
November 10th, 2009I know I never post over here but it seemed appropriate to post actual news. My company (Wellspring Worldwide) has just acquired Flintbox Innovation Network, an online intellectual property exchange. This a great compliment to our core mission which is to help bring research to the marketplace. Enough of the blog world, back to the code…
Full press release:
Wellspring Worldwide, LLC and the Flintbox Innovation Network today announced that Wellspring will acquire Flintbox, the leading online global intellectual property exchange. Flintbox is being acquired from UBC Research Enterprise (UBCRE), a wholly owned, for-profit subsidiary of the University of British Columbia. Additional terms of the transaction were not disclosed.
Flintbox, based in Vancouver, is a spin-out of the University of British Columbia and represents a strategic addition to Wellspring’s existing online software product business. The acquisition will extend Wellspring’s Technology Gateway product, to encompass over 160 universities, government labs, and companies able to post, exchange, license, and purchase technologies online.
Wellspring announced plans to further develop the Flintbox platform into an “Open Innovation Network,” incorporating technology from other Wellspring software products to provide an enhanced system for universities and companies to collaborate on research and commercialization agreements. The Open Innovation Network will enable partner organizations to manage online material transfer agreements, multi-institution disclosures, and bundled marketing and licensing.
“Combining Flintbox and Wellspring represents one of the most exciting advances to the business of technology transfer and research commercialization in a decade,” said Robert Lowe, Chief Executive Officer of Wellspring. “Our complimentary client bases create a network of the leading research organizations across Asia, Australia, North America, and Europe.”
“We are very excited about combining efforts with Wellspring. The two companies are strategically aligned and there are great synergies that will be realized going forward.” said Stephen Smith, President of the Flintbox Innovation Network.
Wellspring management stated that the combined business will continue under the Flintbox brand name and maintain operations based in Vancouver. Additional support will be provided for North America clients from Wellspring’s Pittsburgh headquarters and for Europe, Asia, and Australia clients from Wellspring’s Cambridge, UK offices.
About Wellspring Worldwide
Wellspring endeavors to be the global leader in technology commercialization: transforming research and creative endeavors into successful products. We support the commercialization process with software and consulting services that deliver intuitive, insightful, and innovative solutions. Each Wellspring product and service builds from our core mission: Industry Leadership through Entrepreneurship and Innovation. Wellspring serves a wide range of clients around the globe, including universities, high technology companies, government labs, and philanthropic organizations. Our clients share a common identity for growth and prosperity through innovation. For more information about our company and products, please visit: www.wellspringworldwide.com.
About Flintbox Innovation Network
Flintbox is a global intellectual property exchange providing easy and open access to innovation. By combining direct access to innovation with a network of members and users from over one hundred countries around the world, Flintbox provides a platform for research and industry to connect and build relationships. For more information visit www.flintbox.com.
) recall that the number of columns in A must be the number of rows in B. Then the output of this multiplication will result in another matrix with the number of rows equal to the number of rows in A and the number of columns equal to the number columns in B. Watch out here comes the trick. Let A be a special encoding matrix made up of f rows and k columns then let B be the raw data separated into k rows. Can we multiple these two matrices? Yep, A has k columns and B has k rows. What is the outcome of this multiplication? A new matrix that is made of f rows and the same number of columns found in the data matrix (B). This new matrix is a our encoded data, it contains f rows of data where each row is a piece of data.
. Next, build a new matrix using a subset of our encoding matrix, lets call this matrix D. Matrix D is the 7 rows of the encoding matrix that corresponds to the 7 rows of the recovered data. Once matrix D is create we need to take the inverse of that matrix, this is why the needed the encoding matrix to be made up of linearly independent rows. After we have this inverse matrix (
) we can multiply it with the recovered data pieces (
, also referred to as a