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by Stephanie Neil, MA Editorial Staff   | Abstract: | Software formalizes the process of evaluating and implementing innovative ideas. |
| Keywords: | evaluating and implementing innovative ideas |
Invention Machine, founded in 1992 to address the issue of sustainable innovation, is the developer of Goldfire Innovator, software that brings predictability and repeatability to the process of turning ideas into products.
The technology couples problem-solving workflows and trend analysis with a semantic research engine that combs through corporate databases, external websites, and worldwide patent data. With a multi-lingual interface and a new risk analysis capability, the product enables engineers and management teams to collaborate on ideas and market opportunities to quickly develop a product that is right for the target customer base.
While there may be no lack of ideas percolating in a corporation, there is generally a need to formalize the process. Using Goldfire Innovator, manufacturers move from "accidental innovation" to "sustainable innovation," the company says.
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