The mission of Technology Ventures Corporation is to help startup companies that are developing technology from the national laboratories. Additionally, we look to research universities for commercialization opportunities. Our goal is to increase employment opportunities and wealth in the technology industry.
There are two groups that benefit from TVC’s efforts—entrepreneurs and investors. TVC helps entrepreneurs strengthen their business case and prepare to raise funding from equity investors. In doing so, TVC creates value for investors as well, and is considered by many investors as a high-quality source of deal flow.
The primary vehicle for showcasing both seed and early stage companies are TVC’s Equity Capital Symposia. To date, one-third of the presenting companies have received funding—a noteworthy achievement, especially since TVC clients do not pay any fees (or equity compensation) for assistance.
In addition to supporting entrepreneurs, TVC has been an innovator in its own right with respect to technology development and commercialization on several levels:
- innovation: America's Journal of Technology Commercialization TVC is the publisher of this bimonthly magazine, which is free to qualified subscribers and now has a circulation of more than 13,500. (Formerly TechComm) www.innovation-america.org
- Sandia Science & Technology Park TVC co-founded this nationally recognized research park that, when fully developed, will have up to 12,000 people employed at technology-based companies. www.sstp.org
- Innovation Bundling Initiative, created by TVC and the National Nuclear Security Administration, creates an effective process for intellectual property bundling among Sandia, Los Alamos and Lawrence Livermore national laboratories and the Nevada Test Site. In May 2007, an IP bundling agreement was signed by the four facility managers, establishing the legal precess by which patent bundles may be licensed by an interested party by dealing with only one of the laboratories, referred to as the Licensing Facility. All of the facilities will participate as the Licensing Facility depending on the makeup of the bundle.
- New Mexico Technology Research Collaborative (TRC) TVC was one of the primary founders of TRC, which promotes close relationships among the state's national laboratories, research institutions and universities.
Technology Ventures Corporation is a not-for-profit, 501(c)3 private foundation, founded by Lockheed Martin in 1993, and funded by both Lockheed Martin and the Department of Energy.