MassBio chooses ideaPoint to power its Innovation Exchange

February 15, 2011

Unique innovation solution brings sellers and seekers of technology together in a way that is smart and secure

The Massachusetts Biotechnology Council (MassBio) is proud to announce that they have chosen ideaPoint to power their new Innovation Exchange. The first solution of its kind, the Innovation Exchange provides a secure, web-based connection between technology inventors (small biotech companies and academic institutions) and technology seekers (large pharmaceutical and medical device companies), helping them accelerate partnering and deal making while maintaining confidentiality.

Based in Quincy, MA, ideaPoint is the global leader in innovation management and software solutions. Their software and services help clients create global innovation networks by providing a secure, confidential and efficient way to connect inventors and commercial organizations. The ideaPoint solution fit MassBio’s objectives to accelerate innovation in Massachusetts.

“We are excited to leverage the MassBio network to pair buyers with sellers and streamline business development in life sciences,” said Robert K. Coughlin, MassBio President & CEO. “The Innovation Exchange comes as a result of feedback from our members who are looking for ways to make their business development efforts more efficient. The Innovation Exchange will work with our suite of innovation services to better align the research community with opportunities for commercialization

In choosing ideaPoint, Mass Bio looked closely at how and where it is currently being implemented.

“We discovered that ideaPoint is being used successfully at a number of large pharmaceutical and medical device companies to bring inventors and commercial organizations together in a way that is smart, secure and efficient,” explained Coughlin. “In addition, it is easy to use and easy to implement. We are very pleased with this solution and the capabilities it brings to MassBio.”

“With four of the top 10 global pharmaceutical companies as clients, and a growing roster of innovation leaders in a variety of industries, we are excited about the opportunity to put our skills to work for Mass Bio,” explained Hugh Devine, Chairman of ideaPoint. “We look forward to our partnership with MassBio and working with fellow members of the Massachusetts innovation cluster.”

The MassBio Innovation Exchange is currently being populated with cutting-edge technologies and Charter Members are coming on board. For more information, visit


About ideaPoint

Headquartered in Quincy, MA, ideaPoint is the global leader in innovation management and software solutions. They help a variety of clients, including leading pharmaceutical, biotechnology and life sciences companies, create global innovation networks.  In doing so, they are able to help companies optimize their product engine, drive operational efficiencies, and streamline the innovation process. The overall result is an improvement in the quality, quantity and speed of the new product pipeline for these companies.


About MassBio

The Massachusetts Biotechnology Council is a not-for-profit organization committed to advancing the development of critical new science, technology and medicines that benefit people worldwide.  Founded in 1985, MassBio represents over 600 biotechnology companies, academic institutions, research hospitals and service organizations involved in life sciences and healthcare, and works to advance policy and promote education, while providing member programs and events, industry information and services.


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