Xconomy: Intellectual Ventures Latest Big Push: Turning Med-Tech Inventions Into Cash
Summary
Intellectual Ventures’ Latest Big Push: Turning Med-Tech Inventions Into Cash Xconomy Seattle — Nathan Myhrvold is a physicist who made his name as a software guy at Microsoft.Maybe it will be something really offbeat (fighting infectious disease with mosquito-zapping lasers), or really big and audacious (cheap, clean nuclear power at TerraPower).But a couple of new dealmakers that Intellectual Ventures has hired in the past six months say some of the company’s biggest inventions could come from a surprising sector—medical devices.Literally, thousands,” says Daniel Hawkins, the new vice president of business development at IV, responsible for medical technologies.But IV has grown to the point—with more than $5 billion under management and more than 700 employees worldwide—that it’s time to start showing its investors it can apply inventions to real-world problems and generate returns.
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