Innovation Asset Group (IAG), an Oregon software company, has been named one of the top three winners of the FundingPost second annual Pitching Across America™ competition. IAG helps companies gain the enterprise-wide visibility needed to understand the relationships between their intellectual property assets and contracts and commitments. IAG has created an unparalleled, customer-focused approach to maximizing the economic potential of any knowledge-driven organization with its DECIPHER™ system, an integrated software solution for the management and valuation of IP assets and related agreements.
FundingPost, a company that has been introducing entrepreneurs to investors for almost 5 years, established the Pitching Across America competition in which 100 Venture Capital Funds and Angel Investors served as judges voting on 300 business summaries from emerging companies nationwide. The largest Venture Capital competition ever organized, this year’s Pitching Across America was sponsored by WolfBlock and PRNewswire. Emerging companies were evaluated on a scale of 1 to 10 and judging criteria consisted of several key points including: the professionalism of the written summary, current stage of development (customers, revenue), competitive advantage and need in the marketplace, feasibility for success, and whether the company is “VentureWorthy™.”
“We are very pleased to have been chosen for recognition from such an impressive list of companies located throughout the United States,” said Peter Ackerman, CEO of Innovation Asset Group. “FundingPost, along with WolfBlock and PR Newswire, has given us an opportunity to reach an excellent selection of visionary investors. While our customer base continues to grow, the right funding partner can accelerate our progress and the creation of significant company value.”
“Our Venture Capital judges found Innovation Asset Group’s business summary really compelling because they could understand the need that it meets. With all this new legislation around Sarbanes-Oxley and reporting, it is clear that companies will need tools to assist in compliance,” said Joe Rubin, Director, FundingPost, “Innovation Asset Group has an exciting product and we know that FundingPost and the Pitching Across America win will benefit them as they seek funding this year.”
Pitching Across America Winner: Innovation Asset Group, Oregon
DECIPHER™ is a powerful business control tool. In addition to dramatically improving day-to-day IP and contract management through the use of a central secure electronic repository with a 24/7 monitor and alerts engine, it gives corporate executives the enhanced strategic insight to identify all revenue opportunities, reduce financial risks, and ensure the highest possible return on their intellectual assets.
IAG’s product is called DECIPHER™ because it brings visibility to information that was previously difficult to see. The core value of most companies in this knowledge economy is locked inside their intellectual property assets and the contracts and agreements that commercialize them. Financial executives and others realize now more than ever that these assets must be carefully managed if revenues are to be maximized and risks significantly reduced. IAG developed a unique software system that combines the management of contracts and commitments with the IP assets that underlie them. The same platform connects all this with a patent-pending valuation engine using a common interface. The result is a fully integrated approach to intangible asset management and exploitation.
With DECIPHER™, companies can now ensure that: 1) The right protections, such as nondisclosure agreements and invention assignments, are in place for valuable assets; 2) They are delivering or paying only for products and services under active contracts; 3) They are properly collecting or paying royalties, and; 4) They are better positioned accurately to recognize revenues. This level of asset management is critical in today’s environment—and it prevents companies from failing audits or delaying regulatory filings, as well as enabling them to spend less time and money rolling up this information for compliance and reporting purposes.
Pitching Across America Premiere Sponsor: WolfBlock
For more than 100 years, WolfBlock has helped entrepreneurial companies to flourish. Some of our largest clients today were once among our smallest clients. We have developed a proficiency in assisting companies from conception through the venture capital stage and into a public offering or exit sale. Our 300 lawyers have in-depth experience in a broad range of industries and practice areas. With seven offices in the Mid-Atlantic region covering the geographic corridor from New York City to Washington, D.C., our smaller clients benefit from an unusual combination: the sophisticated resources of a leading law firm coupled with a culture of servicing the unique needs of rising entrepreneurial companies.
For over four years FundingPost has worked with thousands of Angel and Venture Capital Investors and Entrepreneurs. With over 5,000 CEOs and 600 Venture Funds attending events in 15 cities nationwide; a quarterly Dealflow magazine; and a deal-exchange website that has, on average, seen an introduction of an Investor to an Entrepreneur every business day since its inception; FundingPost believes that it is important to reach investors in every medium possible - both online and offline, and is experiencing strong growth as the venture capital markets continue to improve worldwide.
Note to editors: For additional information regarding the Pitching Across America competition please contact Aren Cohen at FundingPost.