Wellspring Worldwide
 | This article needs additional citations for verification. (September 2022) |
| Industry | Knowledge and technology transfer |
|---|---|
| Founded | 2003 |
| Headquarters | Chicago, Illinois |
Key people |
|
| Website | Wellspring.com |
Wellspring, founded as Wellspring Worldwide in 2003 by husband and wife team Robert and Sandi Lowe, is a provider of web-based software systems for managing the research and technology commercialization of universities, companies, government agencies, and independent labs.[1]
History[edit]
Wellspring was founded in 2003 and spun-out of Carnegie Mellon University, initially providing software systems, consulting services and training programs for university technology transfer offices in North America and Europe.[2]
Wellspring had European operations in Lisbon, Portugal from 2006-2008 and in Cambridge, United Kingdom from 2008-2011.
In 2007, Wellspring launched a services program in partnership with Carnegie Mellon University to help incubate university-based start-up companies following it up with the 2008 launch of the Sophia Knowledge Management System and a Technology Gateway to allow universities to market research projects and intellectual property available for licensing.
In January 2010, Wellspring acquired Flintbox, a company founded in 2003 at the University of British Columbia to provide a location for universities to post available research projects and intellectual property. Flintbox also provided the technology behind Kauffman's iBridge Network.[3] This acquisition was followed in 2011 by the acquisition of online intellectual property marketing site FolioDirect.[4]
Wellspring Worldwide secured PPP loan from the SBA of $889,700.00 in April, 2020 which was forgiven. Protecting 45 jobs and an estimated annual payroll of $4.27 million. April 2023 Founding CEO Rob Lowe replaced. October 2023, Sandi Lowe exited.
March 2023, Resurgens appointed new CEO Sean Downs and Founder CEO Rob Lowe departed, although Lowe was provided a Board seat.
https://www.federalpay.org/paycheck-protection-program/wellspring-worldwide-inc-chicago-il
https://www.usaspending.gov/search/?hash=bf7c01f20c77ca794a9463d4be628725
Lobbying activity https://projects.propublica.org/represent/lobbying/301028426
Products[edit]
Wellspring has two main products, Sophia and Flintbox.
Sophia[edit]
Sophia is a software platform that links together projects, inventions, platforms, publications, patents, copyrights and more according to the requirements of the user.[5]
Flintbox[edit]
Flintbox provides a platform for intellectual property exchange between companies, universities and independent innovators.[6]
Wellspring Worldwide secured PPP loan from the SBA of $889,700.00 in April, 2020 which was forgiven. Protecting 45 jobs and an estimated annual payroll of $4.27 million.
https://www.federalpay.org/paycheck-protection-program/wellspring-worldwide-inc-chicago-il
https://www.usaspending.gov/search/?hash=bf7c01f20c77ca794a9463d4be628725
https://mysite.flintbox.com/terms
https://www.usaspending.gov/award/CONT_AWD_70RSAT23C00000003_7001_-NONE-_-NONE-
Awards and recognition[edit]
- 2010 – Named 2nd fastest growing technology company in Western Pennsylvania by the Pittsburgh Business Times. (1st among software companies)[7]
- 2010 – Named One of the Best Places to Work by the Pittsburgh Business Times.[8]
References[edit]
- ^ "Interview with Wellspring Worldwide CEO, Rob Lowe". WorldBusinessChicago.com. 23 May 2011. Retrieved 2013-04-12.
- ^ "About". Wellspring. Retrieved August 2, 2022.
- ^ "Wellspring Worldwide acquires Flintbox of Canada, hiring". PopCityMedia.com. 11 November 2009. Retrieved 2013-04-12.
- ^ "Pioneering online IP marketing site closes its doors". STC.unm.edu. 22 February 2011. Retrieved 2013-04-12.
- ^ "Wellspring Worldwide Named a Finalist for the 11th Annual Chicago Innovation Awards". BusinessWire.com. 10 September 2012. Retrieved 2013-04-12.
- ^ "Wellspring Worldwide to acquire Flintbox". Technologytransfertactics.com. 11 November 2009. Retrieved 2013-04-12.
- ^ "Pittsburgh's 100 fastest-growing companies". bizjournals.com. 26 August 2010. Retrieved 2013-04-12.
- ^ "61 companies earn Pittsburgh region's best places to work honors". bizjournals.com. 10 August 2010. Retrieved 2013-04-12.