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Innovation capitalist
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An Innovation Capitalist is a type of innovation intermediary. Innovation capitalists are firms, often with a particular industry expertise, that seek out and evaluate ideas and technologies from the inventor community and other external sources. One type develops and refines those ideas to the point where their market potential is validated, and they then sell the rights to the innovation to large client firms. Another form of innovation capitalist seeks out ideas and technologies under contract from large client firms; develops and refines those ideas to the point where their market potential is validated, then sells the rights to the innovation to their client. Both types of innovation capitalist invest in the technology in order to reduce the client company’s acquisition costs and early-stage risks. In return, they share in the proceeds from the innovation. The term Innovation Capitalist was coined by Prof. Satish Nambisan of Rensselaer Polytechnic Institute and Prof.Mohanbir Sawhney of Northwestern University in their article in the Harvard Business Review in March 2007. 
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