Iprova launches new version of its invention platform

AI invention company Iprova has launched a new generation of its platform which makes inventing quicker, easier and more efficient.

The launch of the upgraded data-driven invention platform will support Iprova’s vision of “the long-overdue digital transformation of the worlds of invention and intellectual property”. By deploying the latest generative AI technology, Iprova’s Invention Studio Evo will enable users to draw on inspiration from a broad spectrum of sources and, perhaps most importantly, open up the ability to invent to a far wider set of people within an organisation.

BIC, a world leader in stationery, lighters, shavers and promotional products, is an early adopter of Evo and is excited by its potential as a gamechanger.

“Evo will mark a leap in invention development,” says Kostas Mavroidis, senior manager of the data-driven invention lab at BIC. “It is evident that it will significantly increase the speed, variety and quantity of the concepts. We are amazed with the prospect of customising and utilising the tool in any part of the invention process, from the very early stages of design thinking with readily available user journeys and system breakdown, up to the final enhancement stage with a multitude of iterations easily produced. It is like adding extra hard-working inventors to our team.”

For inventors and R&D teams, Evo’s ability to automatically generate invention concepts based on user-defined criteria represents a huge step forward.

For other business functions such as marketing, business development or production, the whole world of invention is now democratised. Employees are likely to feel more empowered, as now “everyone can be an inventor”.

For business owners, invention becomes an efficient, systematic and dependable activity which may be measured quarterly, as with many other business functions. Additionally, invention creation can be directly linked to business strategy or a product roadmap, making it a more goal-orientated activity.

For IP professionals and product managers, Evo will impact their activities because Invention Studio will speed up the entire invention creation and product development process and make it more efficient.

“We are reaching new horizons with the speed, efficiency, breadth and accessibility that Invention Studio Evo brings,” says Iprova CEO Julian Nolan, “whilst still being true to our central aim of using AI to enhance, rather than replace, human creativity.”

Invention Studio Evo has already received multiple plaudits from a wide spectrum of users and experts such as BIC and Microsoft. “In 2020, we predicted that 50 per cent of all inventions would be made with the help of AI by 2025,” Nolan recalls. “At the time, people were sceptical, but now we feel that this figure is within easy reach.

“The move from meaningful invention being a relatively rare, haphazard affair to becoming an activity that is open, widespread and systematic is truly under way,” Nolan concludes.