Paris and Los Angeles — Following a rigorous selection process, hypios.com, organizer of online problem-solving competitions for research and development (R&D), has been selected to present at the WBTshowcase in Arlington, Texas.

The WBTshowcase launched in 2002 and is now the world’s biggest forum of pre-screened and previously undiscovered companies and technologies. Today it is produced in association with the National Association of Seed and Venture Funds, the Federal Laboratory Consortium for Technology Transfer and the Southeastern Universities Research Association. Presenters are hand-picked and required to undergo presentation training.

In 2008, the WBTshowcase drew the eyes of 500 attendees — including 140 investors and Fortune 1000 licensees — to the merits of 75 world-class companies and technologies. To date, 46% of past presenters have raised over $225 million in venture capital.

hypios, whose beta launched in June of last year and who started broadcasting its first series of problems for companies in October, has raised $1.25 million in funding. It has offices in Los Angeles, CA and in Paris, France.

“It’s an honor simply to be named among the chosen,” said president Anthony DeFilippo of hypios Inc. “This as a chance to show Fortune 500 companies — and their investors — how hypios can be organically integrated into their R&D efforts and open new perspectives.”

hypios plays a role in open innovation by inviting researchers, employed by enterprises or organizations, to post complex problems on its site. They choose the solution’s value and deadline. The problem is broadcast to over 120,000 problem “solvers” (engineers, researchers, scientists) all over the world — 30% of which are PhD-holders.

“Our platform wasn’t made for tossing crazy, unactionable ideas out to the highest bidder,” elaborated research VP Simone De Liberato. “We work closely with companies to make sure the conditions of their problems are well-quantified. We only get paid if they choose a solution — which is custom-fit to their situation and directly implementable by the person or team that posed the problem in the first place.”

Problems posted on the site include a composition for batteries that can be disposed of in seawater without polluting effects (two solutions have already been submitted); and a way to make animation rendering more efficient. These and others appear at hypios.com/problems.

The WBTshowcase takes place March 16-17 in Arlington, Texas. In addition to hypios, presenters include NanoScale Corporation, Thies Technology and LiquidPiston. A full list of attendees is available at the conference site: http://www.wbtshowcase.com/wbt/web.nsf/pages/selected.html

Users interested in attending can register online: https://www.dcnteam.com/wbt/10wbtsystem.nsf/register.

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Hypios combines intelligent crowdsourcing, competency discovery technology, and human outreach to deliver an optimal open problem-solving service. “Seekers” post R&D problems to the network and select a deadline and a price for the successful “Solver.” Hypios, which draws from a network of 950,000 experts across the world, has been solving R&D problems for global companies since 2008.

Press Contact

Hypios
Saman Musacchio
smusacchio(at)hypios(dot)com
Tel+33 1 77 13 67 79

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