This week peHUB has earmarked a position for business development director at invention capital company Intellectual Ventures.
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Intellectual Ventures‘ spin-out company, Kymeta, has closed a $12 million funding round to develop and bring to market Intellectual Ventures’ Metamaterials Surface Antenna Technology. The venture is backed by investments from Bill Gates, Liberty Global and Lux Capital. PRESS RELEASE Intellectual Ventures (IV), the leader in the business of invention, announced today that its newest [...]
Nathan Myhrvold’s Intellectual Ventures on Patent Hoarding, Mosquito Lasers, and its $5 Billion Arsenal
Earlier this week, it was announced that TerraPower, a startup with a design for a next-generation nuclear reactor, had raised a $35 million round of funding from Charles River Ventures, Khosla Ventures, Bill Gates and others, after raising what the company is calling a first round of (undisclosed) “tens of millions” of dollars in 2008.
Its vision is ambitious to say the least. To power its reactor — which will take another 10 years and billions more dollars to get built — TerraPower expects to use the depleted uranium waste created when uranium is enriched to run in conventional power plants. Not only would doing so dampen the risk of nuclear proliferation, says the company, but there is already enough depleted uranium in the world for its reactor to power the whole planet for 100 years.
Indeed, given the scope of TerraPower’s plans, it isn’t surprising that it’s the first spin-off of Bellevue, Wash.-based Intellectual Ventures, the 10-year-old company of Nathan Myhrvold, Microsoft’s former chief technology officer.
Brainstorming revolutionary ideas, patenting them, then spinning them off into standalone companies is half of Intellectual Ventures’ reason for being. The other half, of course, is buying up tens of thousands of patents that are then used to protect royalties-paying customers from being sued, including, reportedly, Cisco, Intuit, Verizon, Google and Apple. (Theoretically, Intellectual Ventures could also start creating infringement lawsuits. It hasn’t done so, but according the The Recorder, it has begun selling some of its unneeded patents to organizations that aren’t afraid to sue.)