As an entrepreneur or an inventor, one
Technology Scouting Services
Scouting for new technology to power your business? Our hybrid solution combines AI and expert analysis to identify promising technology, with an in-house repository for automatic data extraction. Our one-stop solution empowers you to make informed decisions and stay ahead of emerging trends. Discover new opportunities worry-free with our actionable insights and innovative approach.
Our Methodology
Technology Scouting Services
Technology scouting is a process of analyzing and finding a way from the available information to predict and build a new technology with the purpose of strengthening the company’s patent portfolio. To adapt to the technological evolution, the company must innovate regularly to remain at the top of the pyramid.
Continuous research and development are required to investigate alternative solutions to existing problems or to find a new technological solution.
The primary objective of the technology scouting process is to analyze the characteristic parameters or challenges of technology, locate all possible solutions to the challenges, and analyze the feasibility of the solutions to the challenges in line with a company’s internal capabilities.
TT Consultants has been involved in projects associated with technology scouting. We have extremely qualified domain experts with higher degree holders having experience analyzing a wide range of technologies, collaborations, and licensing opportunities.
Further, we also have an AI / ML powered in-house repository for automatic analysis and extraction of relevant data with a one-step solution.
Challenges Faced While Conducting Technology Benchmarking & Scouting
Non-availability of a single-point search engine for Scouting
No integration with recent AL & ML-based analysis technologies
Higher cost for Manual analysis
Resource identification for connection and collaboration
Devoting time and resources to scouting
Maintenance of portfolios
Availability of domain research experts with the right skillset
Predicting the Market, Business, and Investment risk
Lack of availability of technology monitoring and alerting system
Al Based Proprietary Platform Used in Technology Scouting Services
An AI based technology classifier that provides quick actionable insights by diving into the world’s largest technology data library consisting of 150 million+ patents and 220 million+ research publications to discover disruptive technologies and track emerging trends through your technology lens.
Leverages generative AI/GPT to suggest new and innovative ideas. It helps in identifying new embodiments, improvements over existing ideas, and it aids in filing continuation and continuation-in-part applications as well.
Our Methodology
(Technology Scouting Process)
Explore, analyze, and identify the feasible opportunities for growth and expansion of the business and IP Portfolio.
We provide an in-depth search approach to identify potential prospects for the research and development through merger and collaboration.
Explore
Analyze
Identify
Our Methodology
Understanding the requirements and devising a search strategy
Discovering the feasible solutions for the challenges
Accessing the technology gaps and whitespace analysis
Locating the promising area and analysing the associated opportunities and threats
Evaluating the market and business intelligence in the promising arena
Uncovering the mergers and collaborations between existing resources and technology transfers
Identifying the availability of potential resources for collaborations
Why Choose TT Consultants for Technology Scouting Services?
- Proficient in using patent and non-patent databases on various technology scouting platforms.
- 60+ Technology and Industry experts with 15+ years experience.
- Proprietary technology monitoring, patent scouting, and alert system powered by XLSCOUT.
- Hybrid approach to identify technology gaps and grey areas in whitespace analysis.
- Triz-based matrix approach for finding feasible solutions to challenges.
- Listing potential resources for collaboration through licensing and IP acquisition.
- Offering Techno-Commercial Analysis.
- In-house repository for technology scouting, company, and competitor intelligence.
- Patents, NPL, market, business, and commercial products analysis capabilities.
Why TT Consultants?
Skilled in the usage of patent and non-patent databases using various technology scouting platforms.
30+ Technology and Industry expertise
Dedicated Technical team and Market research team with 15+ years of experience
Proprietary Technology Monitoring, patent scouting and alert system fueled by XLSCOUT.
Hybrid approach for identifying technology gaps and the grey areas in whitespace analysis
Triz based matrix approach for discovering feasible solutions to the challenges
Highlighting the list of potential resources for creating collaboration through licensing and buying IP
Highly skilled experts having in depth technical knowledge
Providing Techno Commercial Analysis
In-house Prepared repository for Technology scouting, company, and competitor intelligence
Ability to analyze Patents, Non-Patent Literature, Market, Business, and Commercial Products
Clients Testimonials
Blogs
Blogs on Technology Scouting
Get the latest technology insights with our industry focused blogs
Early Patent Licensing: A Key Strategy for Startup Growth
All businesses are averse to risks but
Top 10 Companies Researching in Quantum Computing Technology
Patents are intangible assets with the potential
IN THE NEWS
FAQs
What is meant by technology scouting?
Technology Scouting is an exhaustive process of analysing the existing Intellectual Property and commercial market resource for identifying a new feasible way to build a portfolio.
What are problems associated with technology scouting?
The major problems are identifying feasible solutions, identifying list of potential collaboration resources, lack of knowledge for performing Scouting activity and lack of available tools.
How much will it cost for conducting technology scouting?
The cost for performing technology scouting ranges between few hundred dollars to few thousand dollars, depending upon the client’s requirement and complexity of the domain. The technology scouting report is customisable based on the requirement of the client.
Who requests for technology scouting project?
An enterprise with an intension to expand their business in a new area, an enterprise planning to enhance the product quality would request for scouting.
What are the tools available for conducting technology scouting?
Technology scouting is generally performed by the hybrid approach of manual analysis and automatic analysis by the tool.
One such tool is XLSCOUT – In house developed repository powered by Artificial Intelligence and Machine Learning Approach for obtaining relevant IP scouting data in a single place.
How to perform technology scouting?
Scouting analysis is performed by segmenting the technology of interest into sub technologies, characteristics and applications.
Further the process proceeds with analysing, mapping and performing analytics for the segmented IP and Non IP knowledges to obtain information relating to technology evolution, competitor analysis, technological gap, opportunities for growth and available list of potential resources or collaboration's.
How can we stay ahead of our competitors through technology scouting?
By constantly monitoring and evaluating new and emerging technologies, identifying potential opportunities and threats, and leveraging the insights gained to make strategic decisions and adapt to changing market conditions.
What industries can benefit from technology scouting?
Many industries can benefit from technology scouting, including healthcare, energy, manufacturing, information technology, consumer goods, and transportation. Any industry that relies on innovation and technology to improve its products, services, and operations can benefit from technology scouting.
How can startups benefit from technology scouting?
Startups can benefit from technology scouting by identifying potential partners, investors, or acquisition targets. They can also use technology scouting to identify emerging technologies that can help them stay ahead of their competition, improve their products or services, or streamline their operations. By leveraging technology scouting, startups can access a wider range of resources, expertise, and technologies that can help them grow and succeed in their industry.
