Summary of The Future of Invention – What's at Risk

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The Future of Invention – What's at Risk summary
Could society overcome many of the world’s biggest challenges simply by investing in technological invention?

Rating

8 Overall

8 Importance

8 Innovation

7 Style

Recommendation

In this inspiring interview, Intellectual Ventures founder Nathan Myhrvold explains to George Mason University law professor Adam Mossoff how investing in technological inventions benefits investors, inventors and humanity. Each year, Intellectual Ventures provides a number of inventors with the capital they need, so they can focus on their projects. It also takes care of patents and production. Enough of the inventions succeed that the investments prove profitable overall. getAbstract recommends their discussion to venture capitalists, inventors and anyone interested in how inventions can make our world a better place.

In this summary, you will learn

  • How Intellectual Ventures invests in invention
  • Why a capital market for patents is important
  • How private and government investment in invention has advanced technology in the past
 

Summary

Intellectual Ventures manages $6 billion of investment funds, which it uses to bankroll new and existing inventions, including an advanced nuclear reactor and a cold-storage container for vaccines in developing nations. Because most inventions take between 20 and 25 years to move from inception to profitability...
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About the Authors

Nathan Myhrvold is the founder and CEO of Intellectual Ventures. Adam Mossoff is a co-director of academic programs and senior scholar of the Center for the Protection of Intellectual Property.


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