The Intellectual Ventures’ foundation dates back to the beginning of this new millennium. The Intellectual Ventures rests on the bed rock of the concept of blending capital and inventive initiative. The concept has the creed that the inventor should be benefitted equally with the investors. The Intellectual Ventures has developed the network for taping resources for innovations.
The Invention Science acts as the ground work for investing funds for the purpose if focusing solely on inventions and nothing else. The purpose of the entity is not to earn huge profits for the sake of profits but to generate continuous innovations and it can only be done when the inventor shares the fruits of his intellectual work equally with the investor. The Intellectual Ventures include wide rage of dimensions to pursue e.g. the viable and workable technology study, idea creation, patents and copy right issues, the Government permissions for the proposed invention and the application of invention funds.
The Invention Science process comprises the collaboration between scientists, lawyers, engineers, finance and marketing experts to manage and legalize the set of different inventions. The concept of Invention Company can be easily grasped when we compare ordinary companies with the invention companies. The purpose of ordinary companies is just to make and multiply capital in one way or the other and to pursue that goal they bent on using inventions as a “tool”. On the other hand, an invention company’s sole purpose is to focus on inventions and even if it is making money the purpose is still to multiply money for the sake of inventions and give the equal benefit to the innovator and inventor.
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