Intellectual Ventures (Not and Not)

October 20, 2011

I’ve been hearing from multiple sources about Intellectual Ventures going into universities, gathering a group of faculty researchers to “brainstorm” and file patents on their ideas. It is very troubling that universities would consider working with patent trolls. I suspect that the universities are going to be surprised when the so called Intellectual’s lay claim to IP that the university would have otherwise owned as a result of the natural course of research. The Intellectual Ventures line will, of course, be that, by protecting the IP, they will encourage development of the technology but the truth is that they will not do anything like what a real venture firm will do to move the technology to the market, create jobs, make the world a better place. The patent trolls would rather extract money from the hard work of others.

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