Thank-you Lin Yang for your very kind words about Sisvel in the interview with Olivia Sophie Rafferty published by IAM today. A few years ago, you explain, Langbo realised it needed to find additional revenue streams to ensure it could continue to invest in world class R&D. That's where Sisvel came in:
In 2016, after the company had accumulated a substantial volume of patents, it realised it was quickly running out of “pocket money”. Langbo had to pivot quickly to get some revenue and ensure it could keep growing sustainably. This, Yang says, would mean stepping into the realm of patent monetisation. The company’s first partner and sale was with Sisvel.
“Luckily Sisvel has profound knowledge in this industry and they are good enough to identify the quality of our patents,” Yang says. The revenue it received from that first deal was small-scale but it was enough to convince investors that Langbo’s patents were essential and of monetary value. “I had a list of over 100 investors and none of them believed this could work until we struck our deal with Sisvel,” he notes. Six months later, Langbo received its first significant venture capital investment from China's ZHJ Capital.
We are proud to have helped Langbo through a challenging period and congratulate you for all the success you have achieved since - including, if reports are correct, a very recent licensing deal with Apple.
Sisvel works with world class innovators across the globe to create value that enables further investments in R&D. We call this the Inventive Loop. It is one that benefits everyone - technology creators, implementers and consumers. This is the Sisvel difference.
#WePowerInnovation
IAM subscribers can read the full piece here:
https://lnkd.in/ek3tzpyV
