Intellectual Ventures was founded in 2000 by scientists Nathan Myhrvold and Edward Jung. Driven by the belief that invention is the highest-value and most interesting part of the commercial food chain, Myhrvold and Jung set-out to build a company that would focus exclusively on inventing and the business of invention.

Intellectual Ventures' goal is to assemble a world-class team to invent and invest in inventions with the intent of creating a new, dynamic marketplace where inventors are fairly compensated for their work and the public can be assured fair access to innovation.

To pursue this vision, Intellectual Ventures has hired some of the brightest minds in business, technology, computer science, physics, biotechnology, mathematics and intellectual property. Employees are conceiving new inventions and exploring invention investment opportunities in a wide variety of technology areas.

Employees are also exploring a wide range of commercialization models with a goal of creating a marketplace for inventions.