Intellectual Ventures:
Global Innovation
Edward Jung, Founder & CTO
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Big Problems to Solve
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Innovation the Old Way
The Power of One
One inventor
One lab
One product
One startup
One company
One country
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
We Need Scale and Vision –
Beyond the Power of “One”
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Need to go beyond the power of One:
The Power of Many
Many inventors
+Many labs
+Many products
+Many startups
+Many companies
+Many countries
= a global innovation ecosystem
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
The Only Hope for Big Problems
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Welcoming Turkey to the
Innovation Ecosystem
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Leveraging the Innovation Ecosystem
Investors, Inventors, Research Institutes, Companies, Governments
MNCs
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
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Leveraging the Innovation Ecosystem
>400,000 inventions analyzed
>80,000 inventions acquired
>50 diverse investment areas
>50 investors
>$7B committed
>20 year investment
>4,000 active inventors
>400 research institutions globally
>8 of top 10 USPTO inventors
>50 product companies
>$3B licensing
>2 startups annually
MNCs
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Most of the World’s Top Inventors...
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Inventor
Kia Silverbrook
Roderick A. Hyde
Lowell L. Wood, Jr.
Shunpei Yamazaki
Royce A. Levien
Robert W. Lord
Mark A. Malamud
Edward K. Jung
Muriel Y. Ishikawa
Jordin T. Kare
Country
AU
US
US
JP
US
US
US
US
US
US
City
Balmain, AU
Redmond, WA
Bellevue, WA
Tokyo, JP
Lexington, MA
Seattle, WA
Seattle, WA
Bellevue, WA
Livermore, CA
Seattle, WA
Source: http://www.faqs.org/patents/invl/00000; retrieved 5/20/2015; corporations removed
Apps
1977
1890
1688
1640
958
912
899
862
842
834
@ IV
IV’s Global Inventor Network
10,000 inventors, 400+ organizations, 14+ countries
Dublin
Turkey Partnership w/
Intellectual Property Solutions
Beijing
Vancouver
Seoul
Seattle
Tokyo
Silicon Valley
Singapore
Invention Sourcing Countries
IV Office Locations
IV - IP Development Partnerships
Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Bangalore
Sydney
IV Has Invested $2.5B+ in the Innovation Economy
Universities/Governments
$130MM
Startups/SMEs
$740MM
Mid-Size/
Large Companies
$1BB
Independent Inventors
$530MM
IV’s invention rights investments have been sourced
52% Of
from inventors, startups/SMEs & universities
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
IV’s Access to Global Inventions
Multi-National Corporations, Small and Mid-Size Companies and Startups
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Now Turkey is Part of the IV Ecosystem!
MNCs
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Why pursue innovation?
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Ideas Are The New Wealth
Share of World GDP
USA 23%
USA 2%
1820
Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
2010
GDP Per Capita
What Changed?
Ideas Are The New Wealth
Share of World GDP
$42,247
USA 23%
USA 2%
1820
US Patents Granted
167,349
2010
GDP Per Capita
1800
1850
1900
1950
2000
First Steps in Turkey:
Partnership with IPS
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First Steps in Turkey: Launch and Partnership
Intellectual Property Solutions (IPS) is Intellectual Ventures
Invention Development Funds (IDF) exclusive partner in Turkey.
IPS is working to commercialize its ideas supported by access
to IDF’s portfolio of 1,000+ patents in emerging and disruptive
technologies.
IPS will provide services for tech transfer offices and R&D
centers to help them acquire, manage, and monetize their
intellectual property.
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Innovation Case Study Turkey : smartDNA
Secure
Logistics
• Merchandise
Transport and
Tracking
• Security
• Integration with other
tagging technologies
Pharma
Secure
• Anti-counterfeiting
• Prevent shipment
losses
Auditable
Logs
300 billion
unique
signatures
Retail
• E-commerce order
fulfilment
• Counterfeit detection
and prevention
• Protection from
adulteration and
theft
Electronics
Smart
• Warranty
management
• Physical Security:
FIPS140-2
compliance
• Geographic tracking
Designed
for Mobile
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Turkey: The Next Great Innovation Hub
for Europe, the Middle East and Africa
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Turkey is Positioned to Lead Innovation in EMEA
Innovation Advantages:
1. Growing Young Labor Force
2. Geographic Hub
3. Domestic Support
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Turkey: Primed for Innovation – Growing Young Labor Force
Source: BCG Perspectives, July 2014
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Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.
Turkey: Primed for Innovation – Geographic Hub
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Turkey: Primed for Innovation – Domestic Support
Government Backed Research:
• 50+ support programs for
targeted tech R&D
• $700 million budget
• 52- Year Track Record
New Laws and Incentives:
In 2014, Turkey passed an amendment to significantly
lower taxes on income derived from inventions made
in country and related research and development.
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Emerging Turkish Multi-Nationals & Innovators
Bought out or invested in by global competitor
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Thank you!
Edward Jung
Founder and CTO
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