700619Open Innovation Self -learning algorithmClosedGRD Proof of MarketInnovate UKEvidence suggests that the tradability of intellectual property (IP) has increased over the last few decades. The market for open innovation is getting mature and was estimated at €2.7 billion globally. Europe accounts for 25% of the global market while the US accounts for 40.3%. At the same time, it is estimated that between 2009-2012 expenditure on technology inlicensing was ~£6.9 billion a year in the UK. This equates to almost 40% of the total business enterprise spending on R&D. Despite the general growth in licensing activity, only a limited share of patents is licensed out. In most countries less than 10% of patents are subject to licensing outside the company. The UK Innovation Forum (UKIF) – a spin out from the Science and Technology Facilities Council) have identified an opportunity to build upon their unique repository of IP and existing corporate members by developing a self-learning algorithm that can learn the technology requirements of businesses by analysing a wide range of data and then feed “highly relevant” technologies from the UKIF existing technology database and wider into the open innovation funnel of the company.