Tune in to TechVibe Radio 1360 AM

Be sure to tune in to TechVibe Radio on Tuesday, Nov. 17,  from 2-5 p.m., on 1360 AM WMNY as the Pittsburgh Technology Council’s Jonathan Kersting and Audrey Russo interview the region’s coolest tech companies and the personalities behind them.

The show will include:

  • Wellspring Worldwide
  • Science Communications
  • Eyeflow Internet Marketing
  • Wombat Security Solutions

Keep your dial tuned to TechVibe radio on these Tuesdays:  Dec. 1 and 15 and Jan. 5 and 19  from 2 to 5 p.m. to stay on top of Pittsburgh’s tech scene.

Lacking an AM/FM radio? No worries, stream the show right here or listen on the phone at 724-898-WMNY (9669)

Wellspring Worldwide to Acquire Flintbox

Wellspring Worldwide, LLC and the Flintbox Innovation Network today announced that Wellspring will acquire Flintbox, the leading online global intellectual property exchange. Flintbox is being acquired from UBC Research Enterprise (UBCRE), a wholly owned, for-profit subsidiary of the University of British Columbia. Additional terms of the transaction were not disclosed.

Flintbox, based in Vancouver, is a spin‐out of the University of British Columbia and represents a strategic addition to Wellspring’s existing online software product business. The acquisition will extend Wellspring’s Technology Gateway product, to encompass over 160 universities, government labs, and companies able to post, exchange, license, and purchase technologies online.

Wellspring announced plans to further develop the Flintbox platform into an “Open Innovation Network,” incorporating technology from other Wellspring software products to provide an enhanced system for universities and companies to collaborate on research and commercialization agreements.

The Open Innovation Network will enable partner organizations to manage online material transfer agreements, multi‐institution disclosures, and bundled marketing and licensing. “Combining Flintbox and Wellspring represents one of the most exciting advances to the business of technology transfer and research commercialization in a decade,” said Robert Lowe, Chief Executive Officer of Wellspring. “Our complimentary client bases create a network of the leading research organizations across Asia, Australia, North America, and Europe.”

“We are very excited about combining efforts with Wellspring. The two companies are strategically aligned and there are great synergies that will be realized going forward.” said Stephen Smith, President of the Flintbox Innovation Network.

Wellspring management said the combined business will continue under the Flintbox brand name and maintain operations based in Vancouver. Additional support will be provided for North America clients from Wellspring’s Pittsburgh headquarters and for Europe, Asia, and Australia clients from Wellspring’s Cambridge, UK offices.