The Cycle of Innovation

Promoting competition

This allows companies to enter the market and connect with established players without having to invent every component from scratch.

Funding future technologies

The revenue generated is essential for funding future technologies, helping to fund continuing investment in research and development.

Driving progress further

Open standardization, which brings together the best innovations from all participating companies, helps to drive innovation forward for the benefit of all.

Creating global collaboration

This enables technology to be shared across borders, fostering partnerships and speeding up the adoption of new solutions worldwide.

Incentivizing R&D

This not only democratizes access to technology but also incentivizes research and development, as companies know they can recoup their investment through licensing agreements, not just direct product sales

Avanci has become a sponsor of the XPRIZE Foundation.

XPRIZE is a nonprofit organization that designs and hosts global public competitions intended to encourage technological development. The XPRIZE mission is to bring about “radical breakthroughs for the benefit of humanity” through incentivized competition. It aims to motivate individuals, companies, and organizations to develop ideas and technologies.

Through our partnership with XPRIZE, Avanci provides current and alumni teams with guidance on IP and licensing, helping them navigate the complexities of protecting and potentially monetizing their inventions. By supporting teams in securing the rights to their innovations, we enable them to maximize impact, attract partners, and bring transformative solutions to global challenges.