A virtual trading floor designed to help developers of cleantech intellectual property (IP) find backers for their ideas was launched last week.
The auction web site, LynxStreet.com, said it was looking for both tangible and conceptual examples of intellectual property that could be matched with potential investors.
"In our research we realised there was a need for a central repository of green technology and innovation and a venue was required to attract investors and their intellectual property as well as the venture capitalists, corporations and governments with the means to implement them," said Ron Barenburg, chief operations officer at LynxStreet.com.
In addition to being an auction site for green patents, the site is also designed for those inventors who have patents pending that they want to sell, said Barenburg. "This is an important category because potentially it could save companies and/or governments considerable money in R&D that they do not have to spend," he added.
Another virtual trading floor is for raw concepts that have not yet got off the drawing board. It is aimed at those with environmental ideas but without the time, money, ability or patience to flesh them out into patent format, said Barenburg. "These thinkers are an important part of the process and companies and/or governments might want to buy their idea and employ them," he explained.
A "wanted" section also allows firms and investors looking for specific cleantech solutions to advertise their requirements, while a licensing section aims to help universities and professional organisations license their IP to manufacturers.
The company said the web site is currently in Beta mode, but is fully functional and ready for auctions.
Experts claim too many investors lack appetite for backing early stage green firms 26 Sep 2008
Economic downturn could result in plenty of bargains for clean tech venture capital and private equity investors 12 Dec 2008
Cleantech firms could be risking losing investment and partnerships through inadequate patents 03 Nov 2008
Consultancy claims quick dispersal of government funds could encourage investors back towards clean tech firms 26 Feb 2009
Report claims early capital-intensive and early-stage clean tech firms are set to lose out to less ambitious efficiency-focused rivals 29 Apr 2009
Spat over use of green Union flag advertising image could end up in court 06 Jul 2009
New team of auditors and investigators to keep tabs on firms covered by the Carbon Reduction Commitment 06 Jul 2009
More news
As Businessgreen.com launches its new Asia-Pacific site, editor James Murray argues that green business leaders need to develop a more sophisticated view of the continent 06 Jul 2009
From record-breaking solar panels to the International Renewable Energy Agency's new home, we round up the top stories from the past week 03 Jul 2009
Well, I hope they got a no win, no fee deal. I don't like being cynical (it's more of a congenital thing)... 03 Jul 2009 More in-depth
Post your comment
Send an email to the Business Green editor at feedback@businessgreen.com
