Inventables - Research Paper Example

Inventables Incorporation analyses the up-to-date technologies and materials from all over the world and exhibits the most appropriate items to customers on a trimestral basis. To be counted for inclusion, specimens must demonstrate fascinating properties in addition to substantial prospective for ‘technology transfer’ - the likelihood to be employed in a business that they are presently not standard(Rao par 2). The ‘Inventables service comprises of access to the firms online database as well as actual, physical models of selected specimens.

This paper is going to analyze the Inventables Incorporation. Inventables provide firms with the technology and the materials to invent their own ideas. Having available materials and technology has rendered the innovation process for most companies easy and less costly. When the technology and materials are available, companies can try out different ideas to formulate new inventions or even improve on the available inventions thereby making them more effective and efficient (Rao par 3). Additionally, it saves companies the time they would have otherwise spent on searching the materials and the technology to create new inventions.

Inventables launched an innovators hardware shop, which is a tailored collection of materials to democratize accessibility of these materials by interested clients (Rao par 3). The company has also created a website where its clients can access it and find out what is available and at the same time meets their needs. When companies have a production notion or even a production challenge or require a specialized material to afford a solution, they do not start from scratch. Instead, companies search the extensive variety of technologies and materials one of which could be the solution to their snag.

The Inventables’ website is easily accessible, with a user-friendly interface that is easy to navigate while searching for products (Rao par 4). Inventables has become very beneficial to small