It is a relatively new term, first appearing in the early 2000s. It distinguished agencies that specialize in innovation from the general agency world of advertising, design, marketing, and PR agencies.

The crucial difference between an innovation agency and an innovation consulting company is that an innovation agency specializes in helping clients to create new products, services, or business models, while a innovation consulting company typically advises on improving existing products, services, or business models.

Check out this article to learn more about innovation agencies. 

We are delighted that so many creative and innovative people throughout the world are willing to contribute ideas for game-changing breakthrough innovations. We are further delighted and quite frankly flattered that so many people would like to share their ideas with us. However, Techtrend does not accept ideas for inventions unless the contributor is retaining Techtrend to take that idea and create a product or service for their organization. 

Please do NOT send us your ideas, inventions, or any confidential information unless you have retained us to work on your project.

 Techtrend’s clients and partners share information about Techtrend-developed products and technologies when they are available for sale.  Until then, most product details are confidential.

 Yes. Phil takes an active role in all of the projects that Techtrend accepts. He sees his involvement as a way to share/pay-forward his experience and expertise and feed his own personal curiosity. To avoid conflicts of interest, 100% of any compensation that Phil would personally receive from Techtrend is donated to charities such as HackingAutism.org. Strange. Yes, we know but it’s how he rolls.