ARRIVAL OF INTELLECTUAL VENTURES LLC

Intellectual Ventures LLC, a companyt which has courted a lot of controversy is entering the Indian market. The basic business of the company is buying of patents and then liucensing them out to others. At prsesent it is rumored that teh compnay owns around 20,000 patents.

It has entered into agremenst with Indian Institute of Science, Bangalore, Indian Institute of Technology,Bombay and may sign an agreemt with Counsil Of Scientific and Industrila Research to take over their patents.

The company is founded by Mr. Nathan Myhrvold who was tye former Cheif Technology officer of Microsoft.