IP Group invests in inventors' network
IP Group, the FTSE 250 intellectual property development firm, is to invest in a new platform which aims to increase the chances of turning scientific discoveries into viable products and businesses.
IP Group, the FTSE 250 intellectual property development firm, is to invest in a new platform which aims to increase the chances of turning scientific discoveries into viable products and businesses.
The Marblar platform is an online network for inventors to interact directly with the scientific research community to come up with new ways to exploit scientific discoveries.
IP Group says it has already conducted a pilot of the scheme using discoveries in DNA chemistry from the Southampton Nucleic Acid Research group.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
The intellectual property related to the DNA discoveries was placed on the Marblar network, then inventors competed to come up with the best uses for it. The firm says within three weeks one inventor had come up with an application which is already being assessed as a possible spin out company.
IP Group's total investment could reach £371,000, which would leave it with a 33.1% interest in Marblar.
Alan Aubrey, Chief Executive Officer (CEO) of IP Group, said: "What Marblar is offering is an innovative way of unearthing new applications for existing science that might otherwise be overlooked and complements our existing model. We see this as a great source of new ideas, and potentially new companies, that could ultimately benefit UK plc as a whole."
Dan Perez, CEO of Marblar, added: "It's a shame that more than 90% of university disclosures sit on a shelf collecting dust because the path to market isn't obvious. Together with our 'Marblars', we're going to change that and, in the process, change the world."
BS
Get the latest financial news, insights and expert analysis from our award-winning MoneyWeek team, to help you understand what really matters when it comes to your finances.
MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.
-
Review: Eden Roc Cap Cana – fun, sun and golf in the Caribbean
Travel Eden Roc Cap Cana in the Dominican Republic offers everything from relaxing by the pool to a world-class golf course
-
Reeves delays cash ISA reform, but savers are not out of the woods yet
The chancellor has reportedly delayed plans to cut the cash ISA limit, which were set to be announced at Mansion House on 15 July, and will take more time to consult with the industry