About the Company
Innovaro, formerly known as UTEK Corporation, was a consulting company focused on innovation and software solutions. It was based in Tampa, Florida. It was founded by Clifford M. Gross in 1997. The company initial public offering was in October 2000, and raised approximately US$6.0 million. It raised £7.5 million on joining AIM in April 2005 and a further $10 million on NYSE where it was already listed in February 2006. For the year to 31 December 2005, revenues amounted to $22.7 million, up from $7.2 million and pre-tax profits of $9.5 million, up from $1.5 million. Innovaro traded on the NYSE under the stock symbol INNI. The company sold several divisions in September 2012 and was delisted from the NYSE. The original concept of the company was to facilitate “open innovation” through the acquisition of university-developed technologies by companies that needed technologies to grow. Innovaro had offices in Chicago, Amsterdam, London and York, United Kingdom. As of March 2009, at its peak, the company had over 450 clients. The name “UTEK” originated from a phonetic contraction of University and Technology. The Company began doing business as Innovaro in March 2010. The Innovaro brand came from one of UTEK's acquired companies and the name was adopted to best represent the overall company and its services. Other companies acquired an integrated understanding the Innovaro brand included UK based Pharmalicenisng, Strategos (Gary Hamel's consulting firm) and Social Technologies. Innovaro Limited (the original company acquired by UTEK) was one of Europe's leading innovation strategy and insight firms. Founded in 2000, it focused on helping major organisations identify new opportunities and improve innovation capabilities. Most public of its projects were the technology futures programme undertaken with Shell in 2004 and 2007 which developed a new approach to collaborative foresight.
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Latest News on Innovaro, Inc.
Innovaro Announces the introduction of LaunchPad Listen - Yahoo
Innovaro Announces the introduction of LaunchPad Listen Listen to What Consumers Are Saying about Your Company in Social Media TAMPA, Fla.-- (BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT: INV), The ...
Innovaro, Inc. Financial Plan Approved by NYSE MKT
TAMPA, Fla.-- ( BUSINESS WIRE )-- Innovaro, Inc. (NYSE MKT:INV) (the "Company"), The Innovation Solutions Company, announced today that on October 19, 2012, the Company received notice that the NYSE ...
Innovaro Announces Strategic Partnership with DataMentors LLC
TAMPA, Fla.--(BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT: INV), The Innovation Solutions Company, announces partnership with DataMentors. Innovaro and DataMentors LLC have entered into an agreement ...
Innovaro Announces the Spinoff of the Strategos Consulting Division
In return Strategos, Inc. will provide Innovaro with (a) a waiver on approximately $1.25 million of accrued bonuses due to personnel of Strategos and (b) earnout and royalty payments of 12.5% on ...
Innovaro Announces the introduction of LaunchPad Listen
TAMPA, Fla.-- (BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT: INV), The Innovation Solutions Company, is excited to announce the latest of its Launch Pad suite "LaunchPad Listen ". The new Listen will ...
Innovaro, Inc. to Prepare Financial Plan for NYSE MKT
Innovaro, Inc. (NYSE MKT:INV) (the “Company”), The Innovation Solutions Company, announced today that on June 12, 2012, the Company was notified by NY ...
Innovaro Announces the Spinoff of the Strategos Consulting Division
TAMPA, Fla.-- (BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT:INV), The Innovation Solutions Company, today announced it has completed the spinoff of its Strategos Division as part of its continuing ...
Innovaro Announces Strategic Partnership with DataMentors LLC - AOL
TAMPA, Fla.--(BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT: INV), The Innovation Solutions Company, announces partnership with DataMentors. Innovaro and DataMentors LLC have entered into an agreement ...
Innovaro, Inc. Financial Plan Approved by NYSE MKT
TAMPA, Fla.-- (BUSINESS WIRE)-- Innovaro, Inc. (NYSE MKT:INV) (the "Company"), The Innovation Solutions Company, announced today that on October 19, 2012, the Company received notice that the NYSE MKT ...
Innovaro Announces the Spinoff of the Strategos Consulting Division
TAMPA, Fla.-- ( BUSINESS WIRE )-- Innovaro, Inc. (NYSE MKT:INV), The Innovation Solutions Company, today announced it has completed the spinoff of its Strategos Division as part of its continuing ...
Innovaro Announces Strategic Partnership with DataMentors LLC - Yahoo
This press release is available on Innovaro's website www.innovaro.com. Innovaro, Inc. Tania Bernier, 813-754-4330 x223 media@innovaro.com KEYWORDS: United States North America Florida ...
Innovaro Announces the Spinoff of the Strategos Consulting Division
In return Strategos, Inc. will provide Innovaro with (a) a waiver on approximately $1.25 million of accrued bonuses due to personnel of Strategos and (b) earnout and royalty payments of 12.5% on ...
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