Based on case studies and literature, this work profiled the modern independent
inventor, and developed strategies for improved success rates, including the
implementation of foresight work and the creation of lower risk funding models. Both
elements were proposed as a means to mitigate cognitive bias and information
asymmetries, factors which have historically prevented inventor success. These
strategies were combined through the proposed development of an optimized open
innovation tool, the parameters of which were outlined in this paper.