Intellectual Ventures: Global Innovation Edward Jung, Founder & CTO 1 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Big Problems to Solve 2

Innovation the Old Way The Power of One One inventor One lab One product One startup One company One country 3 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

We Need Scale and Vision – Beyond the Power of “One” 4 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Need to go beyond the power of One: The Power of Many Many inventors +Many labs +Many products +Many startups +Many companies +Many countries = a global innovation ecosystem 5 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

6 The Only Hope for Big Problems

Welcoming Turkey to the Innovation Ecosystem 7

Leveraging the Innovation Ecosystem Investors, Inventors, Research Institutes, Companies, Governments 88 MNCs Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

9 >400,000 inventions analyzed >80,000 inventions acquired >50 diverse investment areas >50 investors >$7B committed >20 year investment >50 product companies >$3B licensing >2 startups annually >4,000 active inventors >400 research institutions globally >8 of top 10 USPTO inventors MNCs Leveraging the Innovation Ecosystem Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Most of the World’s Top Inventors... Source: retrieved 5/20/2015; corporations IV #InventorCountryCityApps 1Kia SilverbrookAUBalmain, AU1977 2Roderick A. HydeUSRedmond, WA1890 3Lowell L. Wood, Jr.USBellevue, WA1688 4Shunpei YamazakiJPTokyo, JP1640 5Royce A. LevienUSLexington, MA958 6Robert W. LordUSSeattle, WA912 7Mark A. MalamudUSSeattle, WA899 8Edward K. JungUSBellevue, WA862 9Muriel Y. IshikawaUSLivermore, CA842 10Jordin T. KareUSSeattle, WA834

Vancouver Seattle Seoul Tokyo Beijing Singapore Sydney Bangalore IV Office Locations Invention Sourcing Countries IV’s Global Inventor Network 10,000 inventors, 400+ organizations, 14+ countries Dublin Silicon Valley Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved. IV - IP Development Partnerships Turkey Partnership w/ Intellectual Property Solutions

IV Has Invested $2.5B+ in the Innovation Economy 12 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved. Mid-Size/ Large Companies $1BB Startups/SMEs $740MM Independent Inventors $530MM Universities/Governments $130MM Of IV’s invention rights investments have been sourced from inventors, startups/SMEs & universities 52%

IV’s Access to Global Inventions Multi-National Corporations, Small and Mid-Size Companies and Startups 13

14 MNCs Now Turkey is Part of the IV Ecosystem! Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Why pursue innovation? 15

Ideas Are The New Wealth GDP Per Capita 1820 USA 2% USA 23% 2010 Share of World GDP Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

What Changed?

Ideas Are The New Wealth GDP Per Capita $ 42,247 US Patents Granted 167, USA 2% USA 23% 2010 Share of World GDP

First Steps in Turkey: Partnership with IPS 19

20 Intellectual Property Solutions (IPS) is Intellectual Ventures Invention Development Funds (IDF) exclusive partner in Turkey. IPS is working to commercialize its ideas supported by access to IDF’s portfolio of 1,000+ patents in emerging and disruptive technologies. IPS will provide services for tech transfer offices and R&D centers to help them acquire, manage, and monetize their intellectual property. First Steps in Turkey: Launch and Partnership Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Designed for Mobile 300 billion unique signatures Auditable Logs Innovation Case Study Turkey : smartDNA Secure Merchandise Transport and Tracking Security Integration with other tagging technologies Logistics E-commerce order fulfilment Counterfeit detection and prevention Protection from adulteration and theft Retail Secure Anti-counterfeiting Prevent shipment losses Pharma Smart Warranty management Physical Security: FIPS140-2 compliance Geographic tracking Electronics 21 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Turkey: The Next Great Innovation Hub for Europe, the Middle East and Africa 22

Turkey is Positioned to Lead Innovation in EMEA 23 Innovation Advantages: 1.Growing Young Labor Force 2.Geographic Hub 3.Domestic Support Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved.

Turkey: Primed for Innovation – Growing Young Labor Force 24 Copyright © 2015 Intellectual Ventures Management, LLC (IV). All rights reserved. Source: BCG Perspectives, July 2014

Turkey: Primed for Innovation – Geographic Hub 25

Government Backed Research: 50+ support programs for targeted tech R&D $700 million budget 52- Year Track Record 26 New Laws and Incentives: In 2014, Turkey passed an amendment to significantly lower taxes on income derived from inventions made in country and related research and development. Turkey: Primed for Innovation – Domestic Support

Emerging Turkish Multi-Nationals & Innovators 27 Bought out or invested in by global competitor

28 Edward Jung Founder and CTO Thank you! 28