Intellectual Ventures is a private company notable for being one of the top-five owners of U.S. patents, as of 2011. Its business model has a focus on developing a large patent portfolio and licensing these patents to companies. Publicly, it states that a major goal is to assist small inventors against corporations. In practice, much of their revenue comes from licensing patents from other corporations and then filing lawsuits for infringement of patents, a controversial practice known as patent trolling.
Intellectual Ventures launched a prototyping and research laboratory in 2009 called Intellectual Ventures Lab which attracted media controversy when the book SuperFreakonomics described its ideas for reducing global climate change. Its employees are predominantly patent attorneys, physicists, engineers and biotechnologists.
Read more about Intellectual Ventures: Overview, Investment Funds, Intellectual Ventures Lab, Controversy
Famous quotes containing the words intellectual and/or ventures:
“The most intellectual of men are moved quite as much by the circumstances which they are used to as by their own will. The active voluntary part of a man is very small, and if it were not economised by a sleepy kind of habit, its results would be null.”
—Walter Bagehot (1826–1877)
“At the moment when a man openly makes known his difference of opinion from a well-known party leader, the whole world thinks that he must be angry with the latter. Sometimes, however, he is just on the point of ceasing to be angry with him. He ventures to put himself on the same plane as his opponent, and is free from the tortures of suppressed envy.”
—Friedrich Nietzsche (1844–1900)