- Business
- Innovaro, Inc. (INNI) operates as a shell company with no significant current operations or revenue generation. Previously engaged in software services, innovation consulting, and intellectual property licensing, including comprehensive solutions to enhance client innovation capabilities through external technology sourcing, IP value creation, and marketplace foresight analysis; the company plans to acquire an operating entity via reverse merger. It targets clients in diverse sectors seeking growth through innovation, with historical operations spanning global markets including the United States, United Kingdom, Netherlands, and Germany.
Founded in 1999 and formerly known as UTEK Corporation until its name change in July 2010, Innovaro, Inc. is headquartered in Smyrna, Delaware, with past addresses in Tampa, Florida, and Charlotte, North Carolina. The company employs approximately seven people and focuses on research and consulting services within the commercial services sector, though it currently generates minimal revenue of around $528,000 on a trailing twelve-month basis alongside net losses.
No major recent partnerships, acquisitions, funding rounds, product launches, or strategic shifts have been publicly announced within the last 1-2 years, maintaining its status as a non-operating shell seeking a reverse merger transaction. Historical activities included software solutions like LaunchPad for mid-tier enterprises and open innovation facilitation via university technology acquisitions, but these ceased following divestitures around 2012. The company trades on OTC markets with a microcap market capitalization under $300,000.