Intellectual Discovery Selected as Fund Manager for Korea Venture Fund IP Direct Investment Fund

Intellectual Discovery (hereinafter “ID”) announced on the 1st that it was finally selected as the fund manager for the 2024 Korea Fund of Funds IP Direct Investment Fund on the 26th of last month.

The Korea Fund of Funds IP Direct Investment sector is a fund that invests in projects that monetize intellectual property rights (IP) through licensing, litigation, standard patent pools, etc. The main investment focus of this fund is to invest more than 60% of the total committed amount in IP projects that monetize domestic and international intellectual property rights of Korean SMEs, universities, or public research institutes. In the era of intensifying global patent wars, this fund is attracting market attention as it can contribute to enhancing the value of patent rights, which are precious outcomes of Korea’s R&D.

According to the company, ID has achieved significant results by monetizing IP against leading global companies. Since being selected as the fund manager for the first Korea Fund of Funds IP Direct Investment Fund in 2020, ID has managed a total fund of 40.7 billion KRW and invested in various IP projects, also demonstrating excellent recovery performance. The selection as the fund manager for this IP Direct Investment Fund is interpreted as a high evaluation of ID’s expertise and investment performance in managing IP direct investment funds so far.

Through this fund selection, ID has secured resources to more actively pursue IP monetization and invest in companies holding excellent IP. It is expected to further solidify its status as an IP specialized company and an IP investment expert.

ID plans to leverage its accumulated know-how and experience to design and invest in various IP investment structures, such as packaging domestic SMEs’, universities’, and public research institutes’ IP with overseas IP to launch global monetization projects.

In March, the largest shareholder of Xperix Co., Ltd., a KOSDAQ-listed company, was changed, and since acquiring shares, Xperix plans to invest as an LP in the newly selected fund, actively supporting ID’s IP business. Xperix, a digital identity verification specialist company, is accelerating the expansion of IP business together with ID based on abundant financial resources and advanced technological understanding.

CEO Yoon Sang-chul stated, “The core management personnel of this IP Direct Investment Fund consist of experts from global large corporations,” and added, “With the active support of our parent company Xperix and by utilizing the domestic and international IP networks we have built so far, we will focus on maximizing the growth of IP business, including IP monetization and investment in companies holding excellent IP.”