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Wellspring Launches Next-Gen Innovation Platform, Accolade Core
GlobeNewswire News Room· 2025-05-08 13:00
Core Insights - Wellspring emphasizes that innovation is now focused on outcomes rather than just ideas, highlighting the importance of growth in business strategies [1] - The company has launched a significant update to its flagship platform, Accolade Core, which is now enhanced by the Core Six Framework, aimed at transforming innovation management [2][3] Growth Innovation - Growth Innovation is defined by Wellspring as a disciplined, data-driven approach that prioritizes growth as the ultimate objective, providing innovation teams with the necessary structure and tools to generate business value [3][4] - The Core Six Framework is based on over two decades of insights and is designed to help organizations align teams and streamline execution for measurable business results [4] Accolade Core Features - Accolade Core is a comprehensive platform that supports organizations in managing the entire innovation process from ideation to market launch, ensuring alignment between vision and execution [6] - The platform integrates a three-step process that transforms raw data into actionable insights, facilitating sustainable growth [5] Proven Impact - A Total Economic Impact™ study by Forrester Consulting revealed significant benefits for organizations using Accolade Core, including improved governance, faster innovation execution, enhanced security, and better data integration [7] - The study reported a 25% increase in revenue from innovative products, a 15% faster time-to-market, a 10% reduction in project management costs, and a 1% increase in profit margins [10] Strategic Importance - The Core Six Framework allows companies to move beyond fragmented tools and strategies, providing a scalable solution for modern innovation management [9] - Wellspring positions itself as a key partner in innovation and IP management, bridging the gap between research and commercialization to drive growth [9]