You are a growing company that understands the importance of protecting intellectual property and fostering innovation.
And, the importance of starting the IP management process early.
But you also know that end-to-end innovation lifecycle management can be complex and costly.
In fact, nearly 88% of global companies agree that managing and protecting intellectual property is crucial for innovation and long-term growth.
However, only about 30% of small and medium-sized enterprises (SMEs) have the resources or processes in place to manage IP effectively (World Intellectual Property Organization (WIPO), 2023)
Maybe this is the reason you are looking for a Clarivate alternative. It is, in fact, a too comprehensive and expensive option for small to medium-sized growing businesses.
So, your top Clarivate alternative that lets you start your intellectual property management journey without breaking your neck—IP Assist by InspireIP.
Related Read: InspireIP – Symphony Integration
#1 Foundational IP Strategy Support
On average, Clarivate’s IP management solutions often cost upwards of $100,000 annually (Statista, 2023).
It is a price point that is manageable for large corporations but challenging for smaller businesses and startups.
Unlike larger, high-cost solutions, InspireIP prioritizes setting a solid foundation for your IP management strategy at a custom pricing structure.
For any growing company, having a strong IP base is essential to effectively generate, capture, and manage ideas.
InspireIP’s features are built to ensure that innovation doesn’t just happen randomly but follows a structured and standardized approach, enabling you to capture and nurture valuable ideas from across your organization.
Clarivate’s end-to-end solutions may be overwhelming and not focused on the immediate needs of growing businesses.
Moreover, a lack of IP foundation can hinder the speed at which companies capitalize on new ideas.
Innovators may create ideas that stall in development stages due to process bottlenecks.
Here’s where InspireIP stands out! By focusing on early-stage needs, InspireIP enables growing companies to develop a roadmap for innovation that guides ideas from inception to implementation.
- Standardize and streamline idea generation processes.
- Engage teams to address innovation challenges across departments, ensuring no valuable ideas go unnoticed.
- Enable scalable collaboration within organizations from the ground up.
#2 Flexible Idea and Disclosure Management
Clarivate’s systems can be overwhelming for smaller teams needing streamlined, straightforward workflows.
InspireIP allows you to streamline the idea-generation process, get disclosures into the pipeline, and manage every single documentation step by step.
All of it, without the complex layers present in larger enterprise systems.
You’d be surprised to know that a research by the European Patent Office (2023) shows that up to 60% of IP assets in small businesses go undeveloped or undisclosed due to lack of standardized documentation processes.
We directly address this issue through IDF Management, helping growing companies submit and track invention disclosures efficiently.
Consider the case study of the global consumer product company based out of the US.
When they first started focusing on their innovation strategy, they tracked ideas and intellectual property disclosures informally.
Initially, in spreadsheets and emails.
But as they began expanding their product lines and engaging in more complex R&D, the need for a structured approach to IP management became apparent.
By adopting our agile, tailored innovation management tool, they established a robust workflow to capture, refine, and formalize all ideas and inventions early on.
This transition enabled them to increase innovation output by over 400% in two years.
Now, if a major investor review comes up, they can simply showcase not just product roadmaps but a full trail of documented disclosures and secure workflows, proving their scalable IP strategy.
Essentially, a streamlined disclosure management system saves significant time, reducing reliance on outside legal services.
How?
InspireIP simplifies Invention Disclosure Form (IDF) management, letting you submit, update, and approve invention disclosures through a single platform.
Internal teams can effectively manage much of the IP process through automated updates, patent scoring, and task management.
#3 Inventor Workflow and Customizable Approval Processes
While Clarivate offers powerful IP tools, its extensive range can be overwhelming and less adaptable for smaller teams that need a straightforward setup.
Studies indicate that companies with strong IP collaboration processes experience 25% faster innovation cycles (Harvard Business Review, 2023).
You need customizable workflows that allow members, including inventors, legal, and external counsel, to stay in sync and speed up IP development.
InspireIP understands that each organization has unique workflows and approval needs.
With Inventor Workflow Management, you can customize workflows to match your processes, ensuring seamless communication and progression from idea generation to patent filing.
For growing companies, this flexibility is essential since managing workflows and getting buy-in from key stakeholders is one of the biggest hurdles.
- Facilitates smooth, efficient collaboration across internal teams, including inventors, legal counsel, and other stakeholders.
- Customizable approval processes ensure that everyone involved in the process is on the same page, reducing miscommunication and streamlining progress.
#4 Review Committee Access
InspireIP’s Review Committee View makes it easy for review committees to comment, review, and vote on invention disclosures.
Involving internal and external stakeholders in the review process is simplified, ensuring well-rounded feedback and helping you make better, faster decisions on which ideas to protect.
For smaller businesses, having a clear view into the status of their inventions and intellectual property is crucial.
#5 Award Management to Incentivize Innovation
Clarivate doesn’t offer an easy or affordable way to build employee recognition into its platform.
InspireIP, however, includes built-in award management that allows companies to create and automate award structures, effectively motivating innovation across the team.
Recognizing and rewarding employees for their ideas is a great way to encourage more innovation within your organization.
Growing businesses can set up awards without the need for costly integrations, driving team participation without added expense or administrative work.
- Customizable award structures tailored to company needs, alongside automatic award calculations to reduce administrative burden.
- This keeps employees engaged and invested in the innovation process without adding complexity.
#6 Invention Scoring for Prioritizing Innovation
Knowing which ideas are most promising can be a challenge for any growing company.
InspireIP’s Invention Scoring allows you to rank and score patents based on set criteria, helping you prioritize the most impactful innovations and allocate resources effectively.
According to IP industry research, companies using scoring mechanisms for invention management report a 30% improvement in prioritizing ideas that lead to patents (McKinsey & Company, 2023).
Big companies might have powerful analytics, but these are often out of reach for smaller teams.
#7 Advanced Analytics for Data-Driven Decisions
Unlike costly IP solutions, InspireIP offers automated reporting and dashboard generation, so you can have clear insights into your IP portfolio and make informed decisions.
Analytics help track the success of your IP initiatives, making it easier to measure ROI and identify areas for improvement.
For startups and mid-sized companies, this enables efficient resource allocation, focusing on the ideas most likely to succeed without the added weight of large-scale analytical tools.
#8 Streamlined Interface for Outside Counsel Collaboration
For many growing companies, working with external legal teams is essential to manage complex IP needs.
InspireIP’s Interface for Outside Counsel provides seamless integration with external teams, allowing you to coordinate on disclosures, updates, and filings with ease.
This helps you keep all stakeholders aligned and ensures compliance with legal requirements without the need for multiple platforms.
#9 E-Signature Capabilities for Faster Agreement Management
In today’s fast-paced environment, the ability to sign and manage agreements electronically is essential.
According to a report by DocuSign (2023), “E-sign option can speed up business processes by 83%.”
This is why InspireIP enables electronic signatures for agreements, saving time and streamlining processes by reducing paperwork and enabling secure digital transactions.
For IP teams, this translates to quicker disclosure approvals, faster contracts, and smoother collaboration with external legal teams.
#10 Role-Based UI Access
In our IP management system, Role-Based UI Access streamlines collaboration by providing tailored views and permissions based on user roles, such as Inventors, Internal Attorneys, Drafting Committees, and External Counsel.
- Inventors can be granted access to submit new ideas, view their submissions, and collaborate with co-inventors. It makes it easy to track the progress of their ideas without overwhelming them with unnecessary legal details.
- Internal Attorneys benefit from access to confidential disclosures, detailed legal documentation, and patent status tracking. It allows them to evaluate and manage the IP pipeline with a comprehensive legal lens.
- Drafting Committees need visibility into key disclosures and voting features, allowing them to review and comment on inventions objectively, based on standardized criteria.
- External Counsel can be provided with limited, secure access to only relevant documentation and tasks for patent filings. It reduces risk and ensuring that sensitive information remains protected while still enabling efficient communication and task tracking.
This structured access ensures that every stakeholder can engage meaningfully within their role, reducing redundancy, preventing bottlenecks, and maintaining security and clarity across the entire IP lifecycle.
Why InspireIP Is the Ideal IP Solution for Growing Companies?
For growing companies, InspireIP stands out as a right-sized alternative to Clarivate. It provides essential IP management tools without the cost or complexity that Clarivate entails.
This allows small and medium-sized businesses to build a strong foundation for their IP strategy without investing in costly, overcomplicated solutions.
The platform is designed to grow with your company, offering customizable features and a focus on practical IP management.
By choosing InspireIP, your organization can replace traditional, fragmented processes with a single, streamlined platform that empowers everyone.
This ensures that your IP assets are managed efficiently, giving you a competitive advantage in today’s fast-paced innovation landscape.
Ready to lay a strong foundation for your IP management? Go with the top Clarivate alternative today. Let’s Talk!
