Intellectual Ventures is an invention company, whose business model is based on conceiving, patenting and commercializing inventions. The Company believes that invention is an integral and vital part of the commercial food chain, the focus on which is generally diluted due to emphasis on development, manufacturing and sales. So, it focuses only on inventions with a long term perspective of bringing breakthrough technologies into the market. It conceives inventions in-house through a world-renowned staff of internal and external scientists and engineers, who would be adequately compensated for their efforts. The company also acquires and licenses patented inventions from other inventors around the world.
The first step of Intellectual Ventures is to build a repository of inventions in various fields such as software, semiconductors, wireless, consumer electronics, networking, lasers, biotechnology and medical devices. After developing a strong repository, it plans to market the inventions on a broad and on-exclusive basis through a variety of channels such as spinning off new companies, market place exchanges and so on.