IV announces construction joint venture
Managing IP is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730
Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

IV announces construction joint venture

Intellectual Ventures (IV) has formed a joint venture with CollinsWoerman to commercialise new inventions for the design and construction of mid-rise and high-rise housing from a kit of prefabricated component parts


The joint venture will be called Innovative Building Technologies (IBT) and will be based in Seattle.

The joint venture is through IV’s Invention Development Fund. The firm said the aim is to develop the intellectual property portfolio supporting a group of inventions related to IBT’s prefabricated component parts building technology and to commercialise the inventions for global markets.

IBT will be the owner of the related patent portfolio and CollinsWoerman and its Sustainable Living Innovations affiliate will have an exclusive licence to deploy the technology in the North American market.

Innovative Building Technologies will find global licensees for the technology in other markets such as China, Japan, and Vietnam.

The first building using the IBT technology is underway in the University District in Seattle, with completion scheduled for year-end. Additional projects are in the advanced stages of planning in San Francisco, Alaska, North Dakota and other locations.

IV has been keen to stress that its inventions and patents are being turned into products, in contrast to its reputation as a patent troll.

In August, the firm revealed that it was reducing its 700 staff by 19%, or 140 people. This followed smaller layoffs of 5% of its staff in February this year.

more from across site and ros bottom lb

More from across our site

With a team of more than 80 patent lawyers and attorneys across 21 European offices, the firm is acting in some of the most high-profile UPC cases
Lippes Mathias has hired three partners and a counsel from Offit Kurman
External counsel for automotive companies explain how trends such as AI and vehicle connectivity are affecting their practices and reveal what their clients are prioritising
We provide a rundown of Managing IP’s news and analysis coverage from the week, and review what’s been happening elsewhere in IP
The winners of the awards will be revealed at a gala dinner in New York City on April 25
Counsel debate the potential outcome of SCOTUS’s latest copyright case after justices questioned whether they should dismiss it
Each week Managing IP speaks to a different IP lawyer about their life and career
The small Düsseldorf firm is making a big impact in the UPC. Founding partner Christof Augenstein explains why
The court criticised Oppo’s attempts to delay proceedings and imposed a penalty, adding that the Chinese company may need to pay more if the trial isn’t concluded this year
Miguel Hernandez explains how he secured victory for baby care company Naterra in his first oral argument before the Federal Circuit
Gift this article