This investment provides efficient access to important inventions and standards-essential patents and reinforces our leadership role in building an active market for invention.
Whatever one wants to make of IV, the fact is that IV is the pioneer in creating aninventionmarket and like all pioneering efforts, the path is never a straight line or easy.
Myhrvold's grand theme is that the U.S. needs aninvention capital market--similar to venture capital for new businesses--to enable inventors to create hundreds of thousands more inventions each year than are being made today.
"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.