The“Clean 15” Canadian cleantech competition launched by Canadian Business Journal in association with Yet2.com, Fogler,Rubinoff LLP & OCETA
March, 2010 (Toronto, ON) – The Clean 15 Series today announced that it will collaborate with Canadian Business Journal and its strategic partners Yet2.com, Fogler ,Rubinoff LLP and OCETA to launch the second “Clean 15” Canadian clean technology competition. The “ The Clean 15” cleantech competition connects visionary large companies with Canadian clean tech opportunities. The relationships are intended to facilitate commercialization for Canada’s cleantech researchers and developers, as well as support and stimulate the country’s cleantech economy.
The “Clean 15” competition prize is designed to help bridge the gap between research labs and commercial markets for Canada’s clean-tech companies. Valued at approximately $80,000, the Grand Prize will give direct access to top targeted Global 500 executives at Yet2.com’s exclusive Fortune 500” vote in” Conferences to Go webinars and entry to an ultra exclusive executive briefing held in Toronto Canada. Access includes a one on one meeting with an influencial investment syndicate, as well as the opportunity to present directly to executives seeking clean technologies. The winner will also receive legal consultation, strategic marketing consultation and commercialization and partnership services.
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“The Clean 15 competition will directly connect market demand with the best of Canada’s clean technology” says Dwayne Matthews, Managing Director of the Clean 15. “The competition is being recognized as means to tackle some major needs of the Canadian clean tech industry; driving deals and making meaningful connections to international markets and Global 1000 partners. We are very pleased to be working with Canadian Business Journal, Fogler &Rubinoff LLP, OCETA and Yet2.com”.
Ben duPont, president and yet2.com co-founder, said, “The unique information we obtain through our global marketplace about the demands of the most sophisticated, established companies, provides us a way to identify hundreds of promising deals and investment opportunities. In some cases, we even help to create these opportunities. This is a great value to Canadian clean technology companies are we are pleased to be a part of the Clean 15 again this year."
“For growth companies, access to key partners is critical: they provide technical guidance, martket direction and distribution.” Says Keith Thomas, CEO, Vive Nano. “ Using their broad network, The Clean 15 has been extremely effective in connecting Vive Nano with key partners that are helping the company build a strong footprint.”
This year’s sponsors and reviewers are Canadian Business Journal, Fogler, Rubinoff LLC, Drayton Weissenfels Inc, Yet2.com, OCETA, Bond consulting, and Absolute Financial. Clean technology companies interested in entering the “Clean 15” Canadian clean technology should email a request for application at: info@clean15.com
About Canadian Business Journal
The Canadian Business Journal (CBJ) is sent digitally each month to 30,000 individual senior executives in Canada. The CBJ – written by Canadians, for Canadians – is essential reading for Canada’s top business leaders who want to stay informed of current business news, industry topics and trends. The magazine offers readers a glimpse into major Canadian industries including construction, energy, food and drink, healthcare, manufacturing and more, through comprehensive profiles of successful Canadian enterprises.
About Yet2.com
Yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 140,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs
About Folger, Rubinoff LLC
Fogler, Rubinoff is a full service law firm in Toronto, Canada providing legal services and advice to both established and emerging businesses and to individuals. The Fogler team is comprised of 94 lawyers and 120 legal, administrative and technical employees providing support to its clients through a wide range of practice areas, including intellectual property, corporate/commercial, energy, environmental, finance and securities.
About OCETA
OCETA is a private, not-for-profit Corporation that supports the commercialization and market adoption of clean technologies and environmentally sustainable solutions. Through its ETV Canada operating division and delivery of the Canadian Environmental Technology Verification Program, OCETA provides independent performance benchmarking and verification of clean technologies to enable more informed investment, procurement and policy decisions. Since its formation in 1993, OCETA has advised and assisted some 1,500 Canadian entrepreneurs with commercializing their innovations.
Clean 15 winner announced.
Drayton Weissenfels Inc. in collaboration with Canadian Business Magazine, and its strategic partners Yet2.com and OCETA, announced today that Vive Nano has captured the top prize in the "Clean 15" Canadian clean technology competition. The Clean 15 cleantech competition connects visionary large companies with Canadian cleantech opportunities. The relationships are intended to facilitate commercialization for Canada's cleantech researchers and developers, as well as support and stimulate the country's cleantech economy.
Vive Nano's primary focus is to be a world leader in the commercialization of nanotechnology-based products and materials for crop protection and catalyst applications. Vive Nano's catalyst technology has several potential applications in clean technology including wastewater treatment, fuel cells, biofuels, fuel additives, solar cells, and water splitting. Vive Nano's catalyst and crop protection products are currently under development with a group of market leading customers/distribution partners. To accelerate development, the company has recently been awarded government funding of $7.8 M. This includes $3.8 M from Sustainable Development Technology Canada (SDTC), an arm’s-length, not-for-profit corporation created by the Government of Canada, for the construction and optimization of a pilot plant.
The Clean 15 competition prize valued at over $60,000 will give direct access to top targeted Global 500 executives at Yet2.com's exclusive Fortune 500 executive briefing. Access includes an exhibit table display, as well as the opportunity to present directly to executives seeking Vive Nano’s clean technologies. Vive Nano will also receive approximately $20,000 worth of product commercialization and channel development services from Drayton Weissenfels Inc with the focus on connecting them to sophisticated clients and buyers.
"The Clean 15 competition has identified one of Canada's best clean technologies,” says Dwayne Matthews, President of Drayton Weissenfels Inc. "Vive Nano’s technology can eliminate certain harmful chemicals used in crop protection and will significantly impact markets in plastics, water, wastewater, energy, bio fuels and fuel cells with increased environmental benefits while drastically cutting costs. We are very pleased to be working with Vive Nano and have a high level of confidence in their success.”
“Their technology is a fundamental scientific development that can positively affect many sectors,” says Dr. Neil Burnett of OCETA. “The company is well positioned, the intellectual property is well protected, and they have an excellent team.”
This year's prize sponsors and reviewers are Canadian Business, Drayton Weissenfels Inc, Yet2.com, OCETA, Rogers Publishing Ltd., and Ricardomcrae.com.
Clean technology companies interested in entering the "Clean 15" Canadian clean technology competition 2010 should e-mail letters of interest to: info@clean15.com
About Drayton Weissenfels Inc
Drayton Weissenfels Inc. connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through joint ventures, licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels Inc. helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels Inc. is based in Toronto, Canada.
About Vive Nano Inc.
Vive Nano specializes in materials design, using our innovative technology to find simple small answers to big issues. Vive Nano has a patented industry-leading platform technology that produces nanomaterial delivery mechanisms and is inherently "green", both in process and in its end products. Our ultra-small, water dispersible nanomaterials are easily incorporated into existing products and processes. Unlike competing technologies, our proprietary, best-of-breed process is done under simple conditions and results in nanoparticles that are ultra-small (<10 nm), do not agglomerate and have significant cost advantages. While our main focus is on the development of products for the catalyst and crop protection industries, we also work with customers to design nanomaterials for other applications and make our materials available for sale to researchers.
About Canadian Business
As Canada’s best-selling business magazine, Canadian Business offers in-depth analysis on provocative topics, forward-looking articles that put business leaders ahead of the curve and bold opinions from some of Canada’s top business writers and thinkers. In each issue, readers discover what they need to know to capitalize on and create new opportunities that improve their competitive advantage.
About Yet2.com
Yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 140,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs.
About OCETA
OCETA is a private, not-for-profit Corporation that supports the commercialization and market adoption of clean technologies and environmentally sustainable solutions. Through its ETV Canada operating division and delivery of the Canadian Environmental Technology Verification Program, OCETA provides independent performance benchmarking and verification of clean technologies to enable more informed investment, procurement and policy decisions. Since its formation in 1993, OCETA has advised and assisted some 1,500 Canadian entrepreneurs with commercializing their innovations.
ricardomcrae.com
ricardomcrae.com is a leading, branding and web design company, with talented and multi-faceted partners dedicated to helping corporations reach their business objectives. Through innovative solutions in both web development and brand expansion, companies are able to gain a competitive advantage to grow revenue streams, strengthen customer loyalty and demonstrate long-term business values.
www.clean15.com clean technology competition
May, 2009 (Toronto, ON) - Drayton Weissenfels Inc. today announced that it will collaborate with Canadian Business Magazine and its strategic partners Yet2.com and OCETA to launch the “Clean 15” Canadian clean technology competition. The “ The Clean 15” cleantech competition connects visionary large companies with Canadian clean tech opportunities. The relationships are intended to facilitate commercialization for Canada’s cleantech researchers and developers, as well as support and stimulate the country’s cleantech economy.
The “Clean 15” competition prize is designed to help bridge the gap between research labs and commercial markets for Canada’s clean-tech companies. Valued at over $60,000, the Grand Prize will give direct access to top targeted Global 500 executives at Yet2.com’s exclusive Fortune 500 Executive Briefing. Access includes an exhibit table display, as well as the opportunity to present directly to executives seeking clean technologies. The winner will also receive approximately $20 000 worth of product commercialization and channel development services from Drayton Weissenfels Inc.
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“The Clean 15 competition will allow us to showcase internationally the best of Canada’s clean technology” says Dwayne Matthews, President, Drayton Weissenfels Inc. “The competition will also answer a need of the Canadian clean tech industry; driving deals and making meaningful connections to international markets. We are very pleased to be working with Canadian Business, OCETA and Yet2.com”.
“The U.S. stimulus package sets aside $22 billion in tax incentives for clean tech.” Says Craig Weissenfels, vice president, Drayton Weissenfels Inc. “Much of the U.S cleantech needs already exist here in Canada. Getting access to that market will have a positive effect on job creation here”
“There is considerable promise for Canada’s clean technology companies to become global leaders,” says Kevin Jones, President, OCETA. “Most of them design, develop and manufacture globally competitive products”
This year’s prize sponsors and reviewers are Canadian Business, Drayton Weissenfels Inc, Yet2.com, OCETA, Rogers Publishing LTD and Ricardomcrae.com Clean technology companies interested in entering the “Clean 15” Canadian clean technology should enter at: canadianbusiness.com/clean15
About Canadian Business
Canadian Business magazine is your guide to the latest business news and information for business leaders, entrepreneurs and investors in Canada. Get up to date information on Canadian stocks, bonds, money, real estate market and more!
About Yet2.com
Yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 140,000 registered marketplace users including many of the Fortune 500 and over 11,000 SMEs
About OCETA
OCETA is a private, not-for-profit Corporation that supports the commercialization and market adoption of clean technologies and environmentally sustainable solutions. Through its ETV Canada operating division and delivery of the Canadian Environmental Technology Verification Program, OCETA provides independent performance benchmarking and verification of clean technologies to enable more informed investment, procurement and policy decisions. Since its formation in 1993, OCETA has advised and assisted some 1,500 Canadian entrepreneurs with commercializing their innovations.
About Ricardo McRae.com
is a leading branding and web design company. We help companies gain competitive advantage with customers by developing creative and innovative solutions that gets reactions and results.Our strength lies in blending the best of business strategy, design, and project management. We understand how to apply innovation to drive measurable business results. While the solutions we design and build range from the simple micro sites to extending your corporate brands, our focus remains the same for you: Grow your revenue streams, strengthen your customer loyalty, and demonstrate your long-term business values.Our talented and multi-faceted partners are dedicated to helping you reach your objectives. The vision is to continue to deliver innovative solutions with your business needs in mind. How can we help you engage your audience?
About Drayton Weissenfels Inc
Drayton Weissenfels connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through, joint ventures licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels is based in Toronto, Canada. For more information or to coordinate an interview, please contact:
Dwayne Matthews
President
Drayton Weissenfels
647-401-3020
dmatthews@draytonweissenfels.com
www.clean15.com
Techitra
(Toronto, ON) - Drayton Weissenfels Inc. today announced that it has entered into a strategic alliance with Techitra, one of the largest and most active technology transfer companies in Italy, to provide Canadian and Italian companies a platform where domestic and international parties interested in open innovation can connect to transfer intellectual property and technology to create value added outcomes. The alliance provides optimal solutions for technology transfer across the two countries.
“ We face a greater need for collaboration on green and clean technologies than ever before on our planet. The combination of the environment and the economy is leading to a perfect storm,” says Dwayne Matthews, President, Drayton Weissenfels Inc. “We have access to the largest aggregation of companies that are interested in open innovation. 140 000 registered users directly interested in open innovation and via our collective partnerships we now have access to a database of over 750 000 registered users allowing for Canadian and international green and clean technologies to be easily identified, improved and licensed while creating valuable global connections for our clients. We are very excited to work with Techitra.”
“In this economic climate it is not economically responsible for companies to just rely on their own research and development to succeed in the creation of technologies” says Craig Weissenfels, vice president of Drayton Weissenfels Inc. “Canadian and Italian businesses will benefit from buying or licensing processes from other companies, which will allow them to stay competitive and add significant value to their portfolios”.
About Techitra
Techitra S.r.l., is an Italian company founded in 2006 by a group of professionals coming from different sectors with relevant international experiences on technology transfer. Techitra’s mission is to help Italian companies to find the technologies they need to improve their existing products and solutions to grow their business. The company is also networking with experts and companies and working with Chambers of Commerce and the Association of Industry in some regions of Italy with the scope of increasing knowledge of the opportunities offered by the transfer of technologies.
Techitra is located in Torino, Milano and Napoli.
About Drayton Weissenfels Inc.
Drayton Weissenfels Inc. connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels Inc. is based in Toronto, Canada. For more information or to coordinate an interview, please contact: dmatthews@draytonweissenfels.com
Toronto, December, 23rd 2008 — Yet2.com, the global technology transfer marketplace, announced today that it provided consulting services and business development services that brought Electo-Petroleum (EPI, www.electropetroleum.com) its first customer and ultimately led to EPI securing $9 million USD in venture funding.
Electro-Petroleum's unique technology enables low-cost recovery of stranded oil reserves — those too heavy or that lie too deep — by applying electrical current to hydrocarbons in the ground. The Company is initially focused on the recovery of heavy oils, which are too viscous to be extracted by conventional pumping techniques. The Company's technology is dramatically friendlier to the environment than alternative heavy oil extraction techniques (such as steam injection, which requires massive amounts of water and power).
"We are very pleased with yet2.com's service. They have helped connect us to the Fortune 500, they helped us find our first customer, and then they used this combination to help us raise the capital that we needed. Yet2.com is a great organization," said Phil Bell, CEO of Electro-Petroleum.
"Phil Bell and his colleagues at EPI were a delight to work with," said Ben duPont, President of yet2.com. "They have a strong technology and the know-how to implement it well."
Yet2.com, with its Canadian partner Drayton Weissenfels Inc., found an excellent pilot customer for Electro-Petroleum's technology — a 3,000-acre oil field in Canada owned by Deloro (www.Deloro.ca). Electro-Petroleum is installing its environmentally friendly oil recovery technology in Deloro's Wilki field.
"Two main issues with the Canadian oil sands are water consumption and GHG's" said Dwayne Matthews, President of Drayton Weissenfels Inc. " EPI's technology can in many cases eliminate water consumption completely and will produce no greenhouse gas emissions on the site. We are pleased to help introduce a technology that will play such a vital role to Canada's resource management"
About yet2.com
Yet2.com provides intellectual property consulting and licensing services to world-class clients around the globe. Yet2.com Inc and its online marketplace were founded in 1999 to promote technology licensing and transfer, with original investments from Siemens, Bayer, Honeywell, DuPont, Procter & Gamble, Caterpillar, and NTT Leasing. The privately held company has offices in the United States, Europe, and Japan. The web site now has over 100,000 registered marketplace users, including many of the Fortune 500 and over 11,000 SMEs. In addition to its core team, yet2.com has created a wide network of technology transfer partners covering many of the technology-rich countries around the world, as well as relationships with technology transfer organizations, networks of technical experts, SME networks, technical magazines, online technical communities, and technology brokers. These provide market-wide access to technologies and needs in countries such as Russia, China, India, Korea, Brazil, South Africa, Japan, the US, and Europe. For more information, visit www.yet2.com.
About Drayton Weissenfels Inc.
Drayton Weissenfels Inc. connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels Inc. is based in Toronto, Canada. For more information or to coordinate an interview, please contact Dwayne Matthews at dmatthews@draytonweissenfels.com or 647 401 3020
Laser Consult LTD
(Toronto, ON) - Drayton Weissenfels Inc. today announced that it has entered into a strategic alliance with Laser Consult LTD, one of the largest and most active technology transfer companies in Hungary, to provide Canadian and Hungarian companies a platform where domestic and international parties interested in open innovation can connect to transfer intellectual property and technology to create value added outcomes. The alliance provides optimal solutions for technology transfer across the two countries.
“I believe that interconnectedness as it relates to technology transfer is a fundamental tool that is very well timed. We face a greater need for collaboration on green and clean technologies than ever before on our planet. Our environment is being altered in a manner that will disrupt human life in a very profound way,” says Dwayne Matthews, President, Drayton Weissenfels Inc. “We have access to the largest aggregation of companies that are interested in open innovation allowing for Canadian and Hungarian green and clean technologies to be easily identified, improved and licensed while creating valuable global connections for our clients. We are excited and very optimistic with this alliance.”
“In a world of broadly distributed knowledge, it is not economically responsible for companies to entirely rely on their own innovation and research and development to succeed in the creation of technologies” says Craig Weissenfels, vice president of Drayton Weissenfels Inc. “These businesses will benefit from buying or licensing processes from other companies, which will allow them to stay competitive. Additionally well, vetted innovations created by organizations could be taken to other businesses through licensing or joint ventures via networks that allow for faster more streamlined transfers”.
About Laser Consult LTD
Laser Consult Ltd. is a research and development (R&D), and technology transfer consulting enterprise. Within these main fields the company’s activities are rather widespread including drawing up project proposals and planning projects, mainly for receiving subsidies; for writing studies, innovation assessment, technology transfer; and preparing the groundwork for technology oriented foreign companies’ activities in Hungary; also for consulting in higher education development.
About Drayton Weissenfels Inc.
Drayton Weissenfels Inc. connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels Inc. is based in Toronto, Canada. For more information or to coordinate an interview, please contact: dmatthews@draytonweissenfels.com
Drayton Weissenfels Inc. signs Emission Reduction technology
September 9th, 2008 (Toronto, ON) - Drayton Weissenfels Inc. today announced that it has entered into a strategic alliance with Global Emissions Systems Inc. (GESi®). The Whitby, Ontario based company has proprietary Canadian technology that is able to reduce up to 99% of Hydrocarbons (HC), Carbon Monoxide (CO), and Nitrogen Oxides (NOx) in gasoline, natural gas, propane, diesel and hybrid engines. Furthermore, GESi® technology reduces emissions from many other applications including coal, alcohol, diesel, and methane from garbage.“Drayton Weissenfels Inc. leverages the open innovation model to the benefit of our clients in Canada,” says Dwayne Matthews, President of Drayton Weissenfels Inc. “With the new EPA ruling regarding emissions on lawn mowers and boats, some organizations cannot afford to entirely rely on their own innovation and research and development to succeed in the creation of technologies. These businesses will need to consider buying or licensing processes from other Canadian companies like Global Emissions Systems Inc. in order to stay competitive.”
“With over 140,000 registered users via our partnerships and many of the Fortune 500, we have access to one the largest aggregation of companies that are interested in open innovation allowing for Canadian technology companies like GESi® to be easily identified, improved and licensed while creating valuable global connections for our clients.” Said Craig Weissenfels, Vice President of Drayton Weissenfels “ We are very excited about this relationship because we believe that Canadian companies like Global Emission Systems Inc have a very important role to play with respect to curbing harmful emissions.”
About Global Emissions Systems Inc.
Global Emissions Systems Inc. is a Canadian company specializing in the development, design, and manufacturing of emissions control technology for Government and Industry. GESi® is the owner of an advanced Emission Reduction System called Dry Selective Catalyst™ (DSC)™ technology that has distinct advantages over other systems currently deployed to reduce emissions from the combustion of various fuels. The DSC™ technology effectively reduces up to 99% of the Carbon Monoxide (CO), Hydrocarbon (HC), and Nitrous Oxides (NOx) from fossil fuel combustion engines. Unlike other technologies, GESi® technology is recyclable and does not create additional toxic emissions to the environment.
About Drayton Weissenfels
Drayton Weissenfels connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels is based in Toronto, Canada. For more information visit www.draytonweissenfels.com or to coordinate an interview, please contact:
Dwayne Matthews
President
Drayton Weissenfels
E: dmatthews@draytonweissenfels.com P: 647 401 3020
A letter to Drayton Weissenfels.
Drayton Weissenfels Inc:
I would like to take this opportunity to thank you for the excellent and professional level of services you have provided to Revolutionary Concrete Solutions Inc. With your encouragement and continuing assistance in promoting and developing RCS and our CN2000® line of concrete waterproofing products we have met and exceeded the objectives that were developed with your cooperation.
The level of access in communications and high level corporate introductions that you have provided us has been extremely satisfying.
18 months ago, as Pangborn International, we started with an idea and the license to market the CN2000® line of concrete waterproofing products and with no plan and no contacts, we were fortunate to find you.
Today with your assistance, we have a new thought provoking identity, and a viable strategic 10 year plan in place that includes the development of a $3.5 million Head Office, Warehouse, Distribution facility within 2 years and a $15 million manufacturing facility within 7 years.
The professional assistance and high level corporate contacts that you have provided us were instrumental in our achieving these goals and to our growth to this point.
We look forward to a long term relationship with Drayton Weissenfels to ensure our continued success and expansion in our target markets.
We highly recommend, and refer our contacts to Drayton Weissenfels on a regular basis and will continue to do so
Thank you.
Sincerely,
Ron Langdana
President
Revolutionary Concrete Solutions Inc.
The advantages of Open Innovation vs Closed Innovation
Closed innovation Principles
- The smart people in our field work for us.
- To profit from research and development (R&D), we must discover it, develop it and ship it ourselves.
- If we discover it ourselves, we will get it to market first
- The company that gets an innovation to market first will win
- If we create the most and the best ideas in the industry, we will win.
- We should control our innovation process, so that our competitors don't profit from our ideas
Open innovation Principles
- Not all the smart people work for us. We need to work with smart people inside and outside our company.
- External R&D can create significant value; internal R&D is needed to claim some portion of that value.
- We don't have to originate the research to profit from it.
- Building a better business model is better than getting to market first.
- If we make the best use of internal and external ideas, we will win
- We should profit from others' use of our innovation process, and we should buy others' intellectual property (IP) whenever it advances our own business model.
Challenge:
Company A ( Many of our clients choose to remain anonymous) has created a disruptive technology but needs to raise *$18 million USD to continue with R&D to develop additional innovations that will enhance their disruptive technology.
Solution:
Drayton Weissenfels via its extensive network finds another company ( Company B) that has already created the technology that Company A needs. Company A then acquires an exclusive license for $2 million USD leaving it with $16 million to focus on its business model and marketing efforts. Company A saved $16 million. It is important to note that both Company A and B could change roles in the future. Creating an additional revenue stream for Company A and additional savings for Company B.
Contact Drayton Weissenfels to find out how open innovation can work for you.
*The needed $18 million could be raised by Drayton Weissenfels depending on the potential of the disruptive technology.
Drayton Weissenfels' official announcment of strategic alliance with Yet2.com
world’s largest innovation and technology transfer marketplace
April 21, 2008 (Toronto, ON) - Drayton Weissenfels Inc. today announced that it has entered into a strategic alliance with Yet2.com, the largest and most active technology marketplace in the world, to provide Canadian companies a platform where domestic and international parties interested in open innovation can connect to transfer intellectual property and technology to create value added outcomes.
The alliance connects Canadian corporations to 140,000 Yet2.com active registered users and most of the fortune 500 community – 40 per cent of the world’s research and development capacity – allowing for open innovation to be more accessible, efficient and cost-effective.
“Drayton Weissenfels is among the first to embrace the open innovation model in Canada,” says Dwayne Matthews, President, Drayton Weissenfels. “We have access to the largest aggregation of companies that are interested in open innovation allowing for Canadian technologies to be easily identified, improved and licensed while creating valuable global connections for our clients.”
In a world of broadly distributed knowledge, some organizations cannot afford to entirely rely on their own innovation and research and development to succeed in the creation of technologies. These businesses will need to consider buying or licensing processes from other companies in order to stay competitive. Additionally, internal innovations not being used by an organization could be taken to other businesses through licensing or joint ventures.
Until now there has not been an open channel of this size for the flow of innovation on an international level. Drayton Weissenfels’ strategic partnership with Yet2.com enables it to act as a revolving doorway of introductions for clients by connecting them globally to entire target markets in a six to eight week time period. Drayton Weissenfels also provides marketing and branding consultation making its clients look more attractive to innovation seekers.
About Drayton Weissenfels
Drayton Weissenfels connects innovation, ideas and intellectual property to industry by leveraging open innovation, a process that enables companies to have wider distribution of research and development initiatives by accessing global expertise through licensing, purchasing intellectual properties and processes. The sole Canadian partner of Yet2.com, one of the largest technology transfer marketplaces in the world, Drayton Weissenfels helps companies generate revenue streams from underutilized intellectual property. Drayton Weissenfels is based in Toronto, Canada. For more information visit www.draytonweissenfels.com.