October 01, 2007 09:33 ET Releases InnovationQ 3.0

Strategic Tools for Successful Innovation Management

AMHERST, NY--(Marketwire - October 1, 2007) - today announces the release of InnovationQ version 3.0, the enterprise software solution for intellectual property and innovation management. InnovationQ solves complex document and process management problems associated with managing intellectual property assets. With InnovationQ, companies can routinely safeguard their intellectual property while deriving the maximum value from their portfolios.

Intellectual property management is of critical importance to all businesses hoping to compete efficiently in the global economy. The most stunning IP failures occur before an idea even enters the intellectual property management arena. Every day, businesses hemorrhage innovative ideas that could lead to useful patents, defensive publications, trademarks copyrights simply because the innovative ideas never reach the decision body. In many cases, valuable trade secrets are inadvertently revealed destroying their value as intellectual property.

InnovationQ 3.0 introduces a process workflow engine which, when combined with the secure document repository and client agent, provides a comprehensive intellectual property management solution. By automating human processes and providing a secure, easy-to-use environment, InnovationQ enables organizations to become more efficient in protecting their intellectual property. This, in turn, enables them to make better decisions regarding their innovation.

" is the global leader in enabling companies to effectively manage their intellectual property," says Steven Lai, Managing Director of the Asia Pacific Intellectual Property Association in Taiwan, Republic of China. "'s InnovationQ 3.0 continues their commitment to legally safeguard intellectual property, improve decision-making, and allow companies to get the most value form their portfolios."

"InnovationQ 3.0 takes intellectual property asset management to a new level," says Tom Petrocelli,'s Senior Vice President, Enterprise Software. "Without a strong innovation management infrastructure, intellectual property management and processes are often little more than a shadow of what they could and should be. InnovationQ provides the tools that help facilitate better innovation work product, improved allocation of resources, and higher product and service margins. InnovationQ leads to increased licensing revenue and market dominance, stability in litigation, and higher shareholder and client value."

In addition to the Software as a Service (SaaS) offering, InnovationQ is also available as an onsite, enterprise solution. is committed to working with customers to develop a successful innovation management program.

Contact Information

  • Contact information:

    Mark Didas
    Marketing Director
    716-362-4562 x-109

    Tom Petrocelli
    Senior VP, Enterprise Software
    716-362-4562 x-117