excitement in creativity and inventions · excitement in creativity and inventions ashok misra...

© 2008 Intellectual Ventures, LLC

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Excitement in

Creativity and Inventions

Ashok Misra Chairman-India & Head of Global Alliances

Intellectual Ventures, Bangalore

[email protected]

REACH Symposium

Indian Institute of Technology Kanpur

October 11, 2010


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Globalization and the

Knowledge Economy

• The advances in technology have led to globalization and increased the power of knowledge

• Advances in productivity are increasingly based on the quality of higher education and research – the resulting specialized knowledge can spread globally faster than capital or people

• When this dissemination occurs, the entire world and mankind stand to gain

• The creation of specialized knowledge is where the Inventors and Innovators come in


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Role of Institutions of

Higher Learning

• Education

- to develop high quality manpower

• Basic research and development

- to create new knowledge

• Applied research and development

- to use that new knowledge to develop intellectual property,

inventions and advanced technologies


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“Concern for man and his destiny must always be the chief

interest of all technical efforts. Never forget it in all your

dreams and equations.”

Albert Einstein

“It is relatively easy to put up a factory or a plant or a

project, it is much more difficult and it takes much more

time to train the human beings that will run a factory or put

up another factory or plant.”

Pandit Jawahar Lal Nehru

Institutions of Higher Learning


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If you want to understand the future,

create itPeter Drucker

IDEAS and INVENTIONS CHANGE

the FUTURE of MANKIND


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People who changed our lives


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People who have continued to…

• Robert Noyce – The integrated circuit

• Bill Gates – First ubiquitous OS after the human brain

• James Watson – DNA structure

• Sanjai Kohli – Architect of mass-market GPS

• Craig Venter – Genome sequencing (and more?)

• Robert Langer – Drug delivery

• Steve Jobs – Setting the bar for innovators – “A lot of

times, people don’t know what they want until you show

it to them.”


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Continuous Innovation Is The Key!

Graph Courtesy NanoHUB/OpenScienceGrid.org


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The Golden Age of Invention

• Camera

• Movie

• Radio

• Light bulb

• Surgery

• Automobile

• Airplane

• Phone

• Vaccine

• X-ray

• Laser

• Medical devices

• Integrated circuit

• Network connectivity

• Television


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Development of Vaccines

• A vaccine is a biological preparation that

improves immunity to a particular disease.

• Began as "variolation“, i.e. exposing uninfected

individuals to matter from smallpox lesions. Now

more scientific.

• Vaccine technology has wiped out major

diseases, but newer ones are still needed.


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Digital signal-processing techniques, originally

developed to enhance pictures of the Moon for

the Apollo Program, are an indispensable part of

Computer-Aided Tomography (CAT) scan &

Magnetic Resonance Imaging (MRI) technologies

used today worldwide.

MRI & CT Scan


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The Earth Needs Inventions

• Addressing the digital divide

• Food and resource management

• Energy generation and distribution

• Healthcare

• Waste management

• Ecological balance

• Counter-terrorism


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India Needs Inventions -ENERGY


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India Needs Inventions -WATER


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Organizations Need Inventions

Companies need invention

– Premium on innovation, better risk management

– Must go outside & focus use of internal resources

R&D organizations need inventions

– Research labs have a funding gap

– Science funding needs commercialization routes

– S&T-driven individuals need more work options

– Improve, customize, R&D, assemble or invest in inventions


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Innovation vs. Invention

Not easily definable – simply put:

Invention is – a foray into the unknown

Innovation is – putting together the known for novel effect

Most of us innovate – a few of us invent

We innovate on the move – but unless action follows the

process is not complete


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What makes a good Invention?

An act or instance of creating or producing by exercise of

the imagination a technical innovation

Protectable

Intellectual in Origin

Inevitable Context

Beyond the obvious

Good inventions can come from anywhere


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Joint Replacement

Developments in new materials and product design are offering

surgeons and patients new options for joint replacement surgery.


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Water-Jet Cutting Machine

Can cut steel, brass, aluminum and wood


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Gore-Tex – Special Fabric


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Patentable Invention

• Idea is Novel

• Non-obvious

• Adequately described or enabled

http://www.uspto.gov/inventors/patents.jsp





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Who is an Inventor?

26

ENTREPRENEUR

STUDENT

EMPLOYEEFACULTY MEMBER

RESEARCHER

INDEPENDENT

CONSULTANT


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Invention is the Source of Value

• All technologies begins with inventions

• Inventions drive technology markets

• But inventions are sometimes neglected…

• Investment in invention can be systematic, not

just serendipitous


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Invention Capital

• Partner with inventors

• Invest into inventions

• Provide capital and expertise

• Build large-scale portfolio

• License non-exclusively on global scale

• Share success with inventors


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29

Head Office

Location Bellevue, Washington

Establishment 2000

Chairman and CEO Nathan Myhrvold

Employees (global) 700+; IDF: 160+

URL www.intven.com

Offices in Asia

Name Intellectual Ventures Asia Pte., Ltd.

Establishment 2007

Employees 110+ (total); In India: 24

Asia Offices Tokyo, Seoul, Beijing, Bangalore & Singapore

Other countries Australia, Canada and Ireland

Intellectual Ventures

Providing Invention Capital

http://www.intven.com/


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- 30 -

Invention Capital – Invest in Ideas

Research Phase Corporate Phase

Go-to-MktProductizationBasic/Applied

ResearchOngoing Research

Death Valley

Investm

ent A

mount

Grants

Joint ResearchAngel

Venture Capital

Corporate Collaboration

Bank Financing

Stock Market

Invention Capital


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Invention Capital


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identify problem areas & broadcast

them to a global inventor network

Intellectual Ventures LLC

July 2009

partner with inventors

sources of

invention

we license invention rights to

companies & investors

upfront fees &

profit-sharing

with inventors

individuals universities research institutes companies

investors companiesinvestors companiesIntellectual Ventures LLC

July 2009

Invention Development Fund:

Programmes for Institutions

• Define Technology Needs– Internal Technology Roadmap

– Distribute Request For Invention (RFIs)

• Provide Invention Capital– Bear costs of writing, applying for and filing patents

– Reduce burden on inventor

• Create and Market Portfolio– Maximize value of inventions

– Provide support for entire invention lifecycle

• Share the Success– New source of revenues for inventor & their organizations

– Source of economic growth

34

global alliances – just tap the synergy!

sources of

invention

we license invention rights to

companies & investors

upfront fees &

profit-sharing

with inventors

individuals universities research institutes companies

investors companies


July 2009


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Inventing Driving


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Invention Drive Train

An Engine is not enough


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US Share of World GDP: 1840

India 16%

USA 2%

Rest of the

World 82%


July 2009


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India 6%

USA 21%

Rest of the

World 73%

A GROWTH OF 950% in 150 YEARS – INNOVATION

WAS AND WILL BE THE KEY!


July 2009

US Share of World GDP: Now


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India’s IP Trade Deficit

(1995 – 2005)

$3.7 billionpayment of royalties &

license fees

receipt of royalties &

license fees$410 million

$3.3 billion

* 1995 - 2005 data

less ( - )


July 2009


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Sources: AUTM U.S. Licensing Surveys (1999-2005) and Nezu, R. (2005), Technology Transfer, Intellectual Property and Effective University-

Industry Partnerships: The experience of China, India, Japan, Philippines, the Republic of Korea, Singapore and Thailand, Fujitsu Research

Institute & WIPO

800

1250

1000

12201300

1400

0.5 1.5 3.4 5.8 6.6 30

0

500

1000

1500

1999 2000 2001 2002 2003 2004

US

$ M

illi

on

sTotal University Licensing

Income

US Asia


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India has world class

thinkers & researchers

15,000 science & engineering

research papers

volume of published science

& engineering articles

17,000 US patent applications

2% of world share

0.4% of world

share

ranked 15th globally

* 2005 data


July 2009


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60% of patents originate from small and individual

inventors, universities, and research labs…

…whereas only 40% of patents come

from large corporations…

…but this group receives less than <1% of

patent licensing revenue…

…but they garner 99% of all patent

licensing revenue*Small Business Administration Report **Multiple sources: 10Ks, Royalty Source, Gartner, … IV compiled

Patent Creation and Revenue

Imbalance


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1

2

3

4

5

Extraction of natural

resources

Menial labor and heavy industry

Low-value mfg. and assembly

Low-value services

Innovation and high-

value services

The Traditional Path


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1

2

3

4

5

Extraction of INTELLECTUAL

resources

Menial labor and

heavy industry

Low-value mfg. and assembly

Low-value services

Innovation and high-

value services

The Shorter Path through

Inventions


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The Best Time ever for

Inventors

• Fundamental new discoveries in science

• The most efficient communications and collaboration

infrastructure in human history – largely peaceful times

• Inexpensive simulation and prototyping (with few

exceptions)

• Diverse sources of capital and expertise


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Creating an IPR Environment

• To sustain and grow creative ideas in an ethical

environment and

• Assist in translating these ideas into products, processes

& services

This requires an appreciation for and an awareness of

Intellectual Property-related issues


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IPR Activities at Research

Institutes & Universities

• IPR policy to be formulated and practiced

• Spread IPR awareness amongst faculty & administrators

• Conduct IPR programmes & workshops

• Formal Courses and workshops on IPR

• Organize “idea” competitions

• Develop system for invention disclosures

• Mechanisms and support for IP protection

• Allocation of funds

• Protection / maintenance of IP

• Develop mechanism for licensing of IP


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Entrepreneurship

• A logical follow up to IP creation is technology business incubators, innovation centres and research parks

• Venture capitalists would flock around the Institutions in search of projects of commercial value

• Requires a high level of research focus and development of new ideas worthy of commercialization

• Such Institutions would provide opportunities for the growth of new enterprises, employment and contribute to the economy of the nation

• This will attract high quality faculty, researches and students


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R & D

Technology Demonstrator

Prototype Development

Deployment

Sales andMarketing

Manufacturing

VC:Wealth

Generation

From Concept to Deployment

TechnologyIncubation

Company Creation

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