Private equity fund pioneer Infinity Group has launched the first Intellectual Property (IP) Bank worldwide to fund the commercialisation of IP and proven technologies in the clean energy sector.
The bank will also look to finance technologies in the semiconductor, water, agriculture and other industry fields.
Last week, IP Bank invested $5.2m to become a controlling shareholder of publicly-traded technology incubator chain Maayan Ventures.
Launched alongside Infinity’s China-based partner SIP, the IP Bank will enable ownership and licensing of intellectual property and proven technology in partnership with entrepreneurs and Chinese companies.
Owning the rights for the intellectual property and proven technologies originating from around the world, the IP Bank will finance part of the initial commercialisation with a combination of US and Chinese currency and provide management, legal structuring and marketing support.
Infinity Group partner Amir Gal-Or said, ‘IDB and Infinity, with the support of SIP, have developed a novel business model for the international private equity/venture capital industry to capitalise on China’s rapidly increasing stream of IP import.
‘China has a huge market and companies around the world are actively seeking new and untapped markets for their strong IP. The IP Bank provides the infrastructure and necessary experienced team of professionals, in offices in China, Israel and the US.’
Companies from outside China with IP and proven technology will benefit from being able to penetrate a new market without the challenges presented by new territories, Infinity said.
The activity of the IP Bank will follow the same structure as other Infinity companies such as Shellcase, WLCSP, Nanomotion and PPI.
‘The establishment of the IP Bank is another step in our currently seven year journey in China that continues at an impressive rate. Our ongoing presence in China with our many close friends, both in the business community and in the government, make Infinity a stable bridge for many companies, in and outside of the IDB Group,’ said IDB Group deputy chairman and Infinity Group chairman Avi Fischer.
Copyright © 2010 NewNet
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