Inventor & Data Translation Expert
Data Translation Expert Focuses on Software’s “Tower of Babel Problem”
Rebecca Taylor, inventor and communications protocol expert, believes connecting mobile and embedded devices is the ultimate “Tower of Babel problem” in our modern world. After years at Fisher Controls, consulting at Digital Equipment Corporation and eight years as founder of her own software design company, Taylor realized interoperability would help or hinder innovation in every sector, from the oil industry to telecoms and wireless. In 2004, she received her first patent for an embedded software translation machine that streamlines data sharing and eliminates code bloat to create efficient communication between devices.
“It’s sort of like being Emily Post,” quips Taylor, making software say ‘please’ and ‘thank you’ so devices can work together seamlessly. Taylor moved quickly to monetize her patent and was involved in negotiations with a top tech company. As she neared a deal, the company was acquired and her discussions with them came to a screeching halt. “You need to be a rodeo cowgirl in this business, because you get bucked off a lot,” says Taylor. She wasn’t out of the saddle for long.
Technology Conference, Intellectual Ventures and Inspiration
Taylor’s adopted hometown of Austin, Texas buzzes with entrepreneurship and innovation, and in 2006 it hosted the 15th World Congress on Information Technology where Taylor met with Intellectual Ventures founder and CEO Nathan Myhrvold. She instantly understood the company’s vision and saw a partner to help monetize her patents.
She asked for a few minutes of Myhrvold’s time and received his business card and an invitation to call him on his way to the airport. After working with IV’s acquisition executives, the deal was closed and Taylor had successfully monetized her patents.
Patent Monetization Funds College and Graduate Studies
Intellectual Ventures’ acquisitions executives instantly grasped the importance of Taylor’s invention. Not only was it an elegant solution to a problem that plagued device manufacturers as well as consumers, it could also speed future innovation by enabling faster communication between complex devices. Selling her patents to Intellectual Ventures enabled Taylor to fund both her son’s college education and her own graduate studies in public policy. Taylor is currently serving as senior adviser for innovation and entrepreneurship in the U.S. Department of State’s Office of the Science & Technology Adviser to the Secretary.
Taylor says, “Intellectual Ventures’ approach is extremely well thought-out and executed. It’s one of the best ways to monetize and recognize the value of innovation for an individual inventor who may have decided against other options, such as forming a startup, to bring a technology to the marketplace. It’s a key way to rapidly place technologies into the right hands globally, while providing monetary rewards to inventors, especially individuals and small companies.”
"Intellectual Ventures’ approach is extremely well thought-out and executed. It’s one of the best ways to monetize and recognize the value of innovation for an individual inventor."
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