IFE is an important contributor to the development of Norwegian and international business, both through deliveries in specific projects and through setting up new businesses based on IFE technology.
In order to strengthen the commercialization effort and contribute to a more active development of the portfolio companies, IFE Venture AS was established in 2008 as a fully-owned subsidiary of IFE, and with the Board of IFE as General Assembly.
The Board of IFE Venture has the overall responsibility for managing the IFE spin-out companies and to commercialize intellectual property rights from IFE.
In addition to managing IFE’s interest with respect to value creation in existing spin-out companies, IFE Venture will contribute in the early phase of commercializations through advice on business development as well as evaluation of the commercial potential and the necessary resources to reach that potential.
It is also the ambition that IFE through IFE Venture is able to take part as an active owner in spin-out companies for a longer period of time, in order to increase the value of the commercial portfolio.
IFE and IFE Venture work closely throughout the commercialization process. IFE is responsible for the process from basic idea and until a decision regarding commercialization is made. IFE Venture takes over and is responsible for the process related to decision on commercial strategy, funding, business development and a potential exit.
For more information about commercialization and spin-out companies from IFE, see www.ife-venture.no