Latest UpdatesWellspring Worldwide Inc., a leading company in the field of platform dedicated to innovation, establishes a Japanese subsidiary in Tokyo

Wellspring Worldwide Inc., founded in 2003, is an Illinois-based company that develops and provides the world's most popular innovation platform for managing and executing technology transfer and technology scouting. Wellspring is a spin-off of Carnegie Mellon University, which was ranked the world’s No.1 in computer science.

Conventionally, technology transfer and scouting were inefficient manual processes, because there was no automation in their management system. To address this problem, Wellspring Worldwide Inc. has developed two integrated management systems, “Wellspring” and “Sophia,” for corporate and academic institutions, enabling users to manage the entire process, from the selection of technologies and potential technology partners to investment decision, evaluation, and acquisition. In addition, institutions and companies that implement these systems can actually transfer, license, and scout technologies and intellectual property through “Scout,” a technology search and analysis system that boasts the worlds largest and most accurate database. The 94 of the top 100 universities by research spending in the U.S. use Wellspring's systems, and by major Japanese companies and universities as well.

In December 2019, the company incorporated Wellspring Japan GK in Tokyo in order to strengthen its customer support services and acquire new customers. In April 2020, Wellspring Japan set up an office and began business operations on a full-scale.

Upon establishing the company in Japan, JETRO's Invest Japan Business Support Center (IBSC) provided temporary office rentals, provided consultation (registration, tax, and labor), and introduced service providers (certified legal specialist for company registration, tax accountants, social insurance and labor consultants, banks, and service office agency).