DreamIt also recently launched a year-long program for minorities called DreamIt Access backed by Comcast Ventures, which plans to fund 15 companies.
Russia, the United States, Denmark, Greenland, Canada and Norway, which border the Arctic, and China are also scrambling to control the region and access to the commercial ventures there.
Foreign banks need to be in joint ventures to access much of the trading in China, while in Singapore, for instance, they dominate more than 50% of the market's trade.
The success of PLoS, and the political shift towards open access, is encouraging other new ventures, too.
In any case, now that the Space Shuttle has been scuttled and the proposed Ares I Constellation program rocket has been cancelled, NASA has little near-term choice but look to private ventures for Space Station access.
Financial globalisation spread capital more widely, markets evolved, businesses were able to finance new ventures and ordinary people had unprecedented access to borrowing and foreign exchange.
"Intellectual Ventures offers an efficient way to access the invention rights companies need to stay competitive within the market, " said Mario Obeidat, head of telecommunications licensing at Intellectual Ventures.
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He launched iLab Ventures. iLab Ventures is housed under the rubric of Access Capital, a full-services investing house.
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To work across the technological bottlenecks, Chinese companies have formed joint ventures with players such as Royal Dutch Shell and Chesapeake Energy seeking to gain access to technology.
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Greater Birmingham and Solihull LEP (GBSLEP) and the Birmingham Chamber of Commerce Group will look to identify areas where local ventures are likeliest to create jobs and regenerate communities were they to be given the necessary power and access to money.
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