yet2.com

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yet2.com
Industry Open Innovation, Technology sales & Venture Capital
Founder Ben duPont , Chris De Bleser & Phil Stern
Number of locations
Boston, Liverpool, Tokyo and Wilmington, Delaware
Key people
Ben duPont, Phil Stern, Tim Bernstein
Owner Private
Website http://www.yet2.com

yet2.com is a global technology marketplace founded in 1999.[1][2] The company is based around the idea of open innovation, and allows all types of technologies to be bought and sold. yet2.com has six product areas: Tactical Targeted Search, Strategic Dealflow Service, Out-licensing Technology Marketing & Business Development, Patent Transactions, Submissions Portals and Venture Capital (yet2Ventures).[3][4]

History[edit]

yet2.com was founded in 1999 by Ben duPont and Chris De Bleser. DuPont was attempting to sell a new technology that he had developed and found “no easy way to do it.” Chris De Bleser was in a similar situation at Polaroid. Together the two started the company out of “pure frustration with the existing processes” duPont said.[2] The company was founded with original investments from Venrock Capital, Procter & Gamble, DuPont, Honeywell, Caterpillar, NTT Leasing, Bayer and Siemens raising over $24 million.[2][5] Since its founding the company has been provided services to Fortune 500 and Global 2000 companies include Boeing, Ford, Monsanto and NTT among others.[6][7][8]

Product divisions[edit]

Tactical Targeted Search

yet2 helps companies find technologies that accelerate their growth.

Strategic Dealflow Service

yet2 offers clients a guaranteed deal flow with up to 400 pre-screened introductions per year to promising companies and technologies.

Out-licensing Technology Marketing & Business Development

yet2 helps to facilitate the transaction of technology assets, developing new revenue for firms.

Patent Transactions

yet2 offers services including patent acquisition, monetization, targeted search and evaluation, patent scoring, and patent transaction/market monitoring.

Idea Submissions Portals

yet2 provides back-end support to Open Innovation Portal Submission programs. Their support is currently used by a number of companies, including Unilever.

yet2Ventures

yet2Ventures has roughly 40 investments ranging from material science, to mobile.

References[edit]

  1. ^ "offers scientists and researchers the opportunity to unearth critical technologies. Here, we unearth yet2.com Inc". yet2.com. Retrieved 2010-11-08. 
  2. ^ a b c Om Malik, 02.07.00, 2:25 PM ET (2000-02-07). "Technology's clearinghouse: Yet2.com". Forbes.com. Retrieved 2010-11-08. 
  3. ^ "Products". yet2.com. Retrieved 2010-11-07. 
  4. ^ "DuPont's Yet2 Raises $100 Million After Japan Tie-Up". BusinessWeek. 2010-09-27. Retrieved 2010-11-07. 
  5. ^ Aldrick, Philip (2001-02-12). "Yet2.com bucks trend with $20m funds". February 12, 2001. London: Telegraph Media Group Limited. Retrieved 8 November 2010. 
  6. ^ "Yet2.com to provide technology trading site". Seattlepi.com. 1999-10-12. Retrieved 2010-11-08. 
  7. ^ "yet2.com and ideaken.com Partnership Aims to place Asia onto the Innovation World Map". Sfgate.com. 2010-10-21. Retrieved 2010-11-08. 
  8. ^ Reidy, Chris (2008-02-07). "Yet2.com's tech licenses on the upswing". February 7, 2008. The Boston Globe. Retrieved 8 November 2010.