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Posts from the Invention Capital category

Milestones Met for Vaccine Logistics

2015 brings two early and notable milestones for the Global Good and Intellectual Ventures Laboratory teams’ work to commercialize a passive vaccine storage device: a stamp of approval from the World Health Organization and branding transition to our manufacturing partner in China, AUCMA.

Milestones Met for Vaccine Logistics

Despite immunizations being one of the greatest success stories in modern medicine, one in five children worldwide are still not fully protected with even the most basic vaccines. As a result, an estimated 1.5 million children die each year—one every 20 seconds—from vaccine-preventable diseases such as diarrhoea and pneumonia. Tens of thousands of other children suffer from severe or permanently disabling illnesses. [Source: Bill & Melinda Gates Foundation] 

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News You Can Use: Intellectual Property and Economic Growth

This week’s News You Can Use features stories that show how a strong intellectual property system supports economic growth. As a result, countries are prioritizing investment in innovation.

News You Can Use: Intellectual Property and Economic Growth

Countries with Strong IP Systems Invest More in R&D; Innovate More

The U.S. Chamber of Commerce’s blog published four key graphs showing the correlation between a strong IP system and a strong economy. The graphs use data from the Global Intellectual Property Center’s recently released International IP Index to show positive relationships between a strong IP system and:

  • investment in research and development;
  • percentage of employees in knowledge-intensive jobs;
  • economic investment generally; and
  • innovative output.

The U.S. ranks highly in these charts, and countries worldwide are working to bolster IP protections to foster positive outcomes demonstrated by these metrics.

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News You Can Use: The Future of Intellectual Property

This week’s News You Can Use highlights stories about the future of intellectual property—the increasing globalization of IP systems, how the worlds’ business leaders are setting priorities for their respective IP environments, and the critical importance of IP to industries as they evolve.

News You Can Use: The Future of Intellectual Property

U.S. Ranks First in Global Assessment of IP Systems

The United States Chamber of Commerce’s Global Intellectual Property Center recently released its IP International Index, which, among other things, ranks countries’ intellectual property environments. According to the study, the U.S. system ranks first in the world, followed closely by the U.K, Germany, France, and Singapore.

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The Myth Buster

Intellectual Ventures (IV) founder and CEO, Nathan Myhrvold, is the subject of a trailblazing profile in the latest edition of Intelligent Life, the bi-monthly culture and lifestyle magazine from The Economist. Over several months, in three different countries and many an espresso, Nathan and reporter, Alex Renton, cover everything from his childhood definition of wealth to the rewards of being a generalist today.

The Myth Buster

Here are just a few of our favorite passages:

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News You Can Use: Economic Opportunity via the C-suite

Company executives can have an enormous amount of influence on an economy’s collective good—from economic progress and industry collaboration to individual entrepreneurship. Whether influence comes from instilling innovation as a cornerstone of growth, or offering timely insight on how to keep businesses relevant in a fast-changing climate, this week’s News You Can Use underscores the C-suite’s power in driving economic opportunity.

News You Can Use: Economic Opportunity via the C-suite

Kicking Innovation Into High Gear

It’s no secret that entrepreneurs and companies need each other to sustain growth and stay relevant. By forming strategic and financial alliances with individuals or small firms that are developing creative business models, executives can keep their businesses on the cutting-edge of innovation.  In turn, entrepreneurs mitigate the risk of failure and are able to monetize their ideas to help deliver creative solutions. Forbes digs deeper into inventive business models that benefit both large corporations and independent entrepreneurs.

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News You Can Use: The Value of Patents for Entrepreneurs and Academic Institutions

University spinouts and start-up companies that recognize the importance of capitalizing on intellectual property can be incredibly successful ventures. In this week’s News You Can Use, we’re highlighting stories about the value patents bring to both entrepreneurs and academic institutions.

News You Can Use: The Value of Patents for Entrepreneurs and Academic Institutions

Helping University Spinouts Succeed

It’s no secret that colleges and universities are hubs of innovative thought. It makes sense, then, that spin-out companies often form from the ideas incubated in campus classrooms. This week The Guardian explores how academics seek investors to help transform their inventions into successful businesses. “Many universities now have departments or even businesses that help academics turn their ideas into commercial propositions,” the article reports.

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News You Can Use: The C-suite’s Outlook on Innovation

Executives play a key role in setting the tone for their companies when it comes to fostering innovative environments. In this edition of News You Can Use, we’re highlighting interesting stories from the past week focusing on the C-suite’s outlook on innovation.

News You Can Use: The C-suite’s Outlook on Innovation

The Importance of a Chief Innovation Officer

Even companies well-versed in best management practices can struggle with how to stoke innovative thought. This is where a strong Chief Innovation Officer comes into play. Alessandro Di Fiore, writing in Harvard Business Review, explores the need for a “powerful executive who can counterbalance the natural killing instinct of a company’s business units and design a more innovation-friendly organizational environment.” Drawing on research at the European Center for Strategic Innovation he outlines a framework for success.

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Happy Holidays from Intellectual Ventures

As we head into the holidays, I wanted to take a moment to recognize all the inventors, customers, partners, and STEM supporters we have the opportunity to work with every day in our quest to drive the world’s invention economy forward.

Happy Holidays from Intellectual Ventures

Through our collective contributions and diligent work together, we’re creating a market for invention – where inventors are laying the foundation for solving the world’s problems both big and small. In honor of the upcoming holiday season and on behalf of everyone at Intellectual Ventures, I want to thank you for your partnership and shared belief that invention creates opportunity.

We wish you and yours a safe and happy holiday season.

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News You Can Use: Entrepreneurship and Innovation

In this week’s News You Can Use, we’re highlighting interesting stories about the relationship between entrepreneurship and innovation. Learn why millennials are prioritizing entrepreneurship more than previous generations, why patents are an untapped asset for startups, and how the UK hopes to encourage more collaboration between product manufacturers and innovators.

News You Can Use: Entrepreneurship and Innovation

Entrepreneurial Millennials and the C-Suite
According to a new survey profiled in Forbes, millennials are placing greater priority on entrepreneurship than previous generations. The article reports that many millennials believe that business ownership offers them the best opportunity to preserve a creative work environment, innovate, and develop business acumen quickly. But as a result, few millennials report planning to work their way up the ranks at the same company:

“Only 13% of survey respondents said their career goal involves climbing the corporate ladder to become a CEO or president. By contrast, almost two-thirds (67%) said their goal involves starting their own business.”

Patents as Untapped Source of Cash
Our own Raymond Hegarty, IV vice president of global licensing, was quoted in a Science Business story this week about how young start-ups can fund growth and gain credibility with investors through licensing and patents. Licensing demonstrates value and shows a product is “proven and viable,” says Hegarty. “At the same time, because you bring cash in, you may not need to give a piece of your company to investors anymore — you might be able to fund it from licensing those ideas.”

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Turns Out $29B Isn’t the Point At All

Last year, we asked if “$29B was the point?” Based on the popular findings from James Bessen and Michael J. Meurer’s “The Direct Costs from NPE Disputes” study in 2012, the pair have recently reversed course on their definitions of NPEs — so much so that the editor in chief of Intellectual Asset Management Magazine, Joff Wild, asks whether their argument on the “costs '[patent] trolls' impose on businesses, the taxes they levy on innovation, and the subsequent harm they do to the U.S. economy generally is now rendered completely meaningless.” 

Turns Out $29B Isn’t the Point At All

Despite the fact the term “patent troll” has become a rallying cry in the patent reform debate and a very convenient pejorative in patent infringement disputes these days, we’ve long since argued the term has been stretched to the point where it has almost no meaning at all. Looks like the professors might agree with us on that after all.

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