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November 16, 2004

Nice work if you can get it (Intellectual Ventures)

MSNBC reports about a company called Intellectual Ventures that makes nothing, owns nothing tangible and is set to make millions. How do they do it?

To generate patentable ideas, Intellectual Ventures hired a dozen top scientists as part-time consultants to participate in several all-day gabfests each month, which the company calls "invention sessions." Lawyers transcribe the discussions, which can range from biotech to nanotech to solid-state physics, and follow up on the most promising ideas with patent applications.

I like that, getting together with a bunch of your geek peers and engage in techno-babble for a few hours and get paid for it. Where do I sign up?

Posted by scottm at 12:09 AM