Collaboration To Focus on Accelerated Development of Propriety Products and Services Supported by Corporate Partnership
CHICAGO, IL August 6, 2013-- Ocean Tomo, the Intellectual Capital Merchant Banc™ firm, has entered into a formal agreement with TechNexus, Chicago's venture collaborative, for accelerated development of proprietary products and services supported by corporate partnership.
"This is a relationship driven by experience. Both TechNexus and Ocean Tomo were being asked by large companies to help expand existing business lines with new technology. When we address the challenges together, the results were very exciting" explained Ocean Tomo Chairman and CEO James E. Malackowski.
The focus of the TechNexus / Ocean Tomo collaboration will be to utilize Ocean Tomo's strategic processes and patent driven research to determine the field of opportunity -- areas where there is freedom to operate and likelihood to file patents to protect new solutions -- and TechNexus' entrepreneurial network to actually build solutions. Each project begins with client recognition that the best solution requires a 'start-up' environment not found in the corporate setting. In most cases, the corporate partner will participate in funding of the project and be first in line as a customer or acquirer of the end product.
Ocean Tomo will make intellectual property valuation, patent quality ratings, investment, risk and transactional advisory services available to all TechNexus clients as a preferred provider. Ocean Tomo has made an investment into TechNexus Holdings LLC, and will appoint an expert to an expanding TechNexus advisory board.
"We've proven a model for facilitating collaboration between entrepreneurs and corporate leaders over the past six years, and an important component of those successes has been getting fair and protected valuations for innovative ideas and applications," explained Terry Howerton, co-founder of TechNexus. "It's especially important to manage intellectual property and other intangible assets in order to free-up creativity and cooperation between the diverse constituencies of entrepreneurs, corporations, investors and academia, so that they can deliver the innovations that don’t just change companies, but reinvent entire industries while building new ones. We want the companies that we work with to stay ahead on this vital issue, and Ocean Tomo is a world-leader in providing counsel to companies to effectively identify, understand, and manage intangible assets. I'm thrilled that our clients will benefit from their expertise."
The Cooperation Agreement is effective immediately.
About Ocean Tomo:
Established in 2003, Ocean Tomo, LLC, is the Intellectual Capital Merchant Banc™ firm providing an industry leading array of financial products and services related to intangible assets. Ocean Tomo offerings include expert testimony, valuation, strategy, research, ratings, investments, risk management and transactions. Ocean Tomo assists clients – corporations, law firms, governments and institutional investors – in realizing Intellectual Capital Equity® value broadly defined. http://www.OceanTomo.com
TechNexus, Chicago's venture collaborative, facilitates an ecosystem of experienced entrepreneurs, companies, investors, and engineers focused on delivering innovative technology solutions that change companies, industries, and entire markets. The TechNexus offering spans a physical collaboration and incubation center, access to strategy and market partners and catalysts, and a network closely integrated with a larger national industrial community. In 2012, it was recognized as one of America’s top business incubators by Forbes. For more information, visit http://www.technexus.com.