Intellectual Ventures
 |
|
| Privately held company | |
| Industry | Patent monetization |
| Founder |
Nathan Myhrvold Edward Jung Peter Detkin Gregory Gorder |
| Headquarters | Bellevue, Washington, United States |
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Number of locations
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10 |
|
Number of employees
|
800 |
| Website | www.intellectualventures.com |
Intellectual Ventures is a private company that centers on the development and licensing of intellectual property. Intellectual Ventures is one of the top-five owners of U.S. patents, as of 2011. Its business model has a focus on buying patents and aggregating them into a large patent portfolio and licensing these patents to third parties.
In 2009, Intellectual Ventures launched a prototyping and research laboratory called Intellectual Ventures Lab which attracted media controversy when the book SuperFreakonomics described its ideas for reducing global climate change. Intellectual Ventures also collaborates on humanitarian projects through its Global Good program.
In 2000, Intellectual Ventures was founded as a private partnership by Nathan Myhrvold and Edward Jung of Microsoft, later joined by co-founders Peter Detkin of Intel, and Gregory Gorder of Perkins Coie. The Intellectual Ventures Management Company is owned 40% Nathan Myhrvold, 20% Peter Detkin, 20% Gregory Gorder and 20% Edward Jung. They reportedly have raised over $5.5 billion from many large companies including Microsoft, Intel, Sony, Nokia, Apple, Google, Yahoo, American Express, Adobe, SAP, Nvidia, and eBay, plus investment firms such as Stanford, Hewlett Foundation, Mayo Clinic, and Charles River Ventures. In December 2013, Intellectual Ventures released a list of approximately 33,000 of the nearly 40,000 assets in their monetization program. Licenses to patents are obtained through investment and royalties. In March 2009, Intellectual Ventures announced expansion into China, India, Japan, Korea and Singapore to build partnerships with prominent scientists and institutions in Asia to create and market inventions.
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