Gross: Tekcapital made $1.5M profit on $3.8M sales in H1 2017
Cliff Gross · 915 He Hunts Down University IP and Figures Out How to Commercialize at Scale · Jan 25, 2018 · at 8:41
Cliff Gross, CEO of AIM-listed Tekcapital, breaks down the firm's half-year financial results in an interview with Nathan Latka.
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“You know, in the first six months of this year we did 3.8 million in sales, and we made about a million and a half dollars.”
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More from Cliff Gross
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“If you look at the, if you step back and look at the universities worldwide, they're producing more than a 100,000 intellectual properties a year, and they have perhaps a million in inventory that have gone unsold or licensed.”
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“Well, we built an electronic network where we capture the intellectual properties available for license from universities in 160 countries.”
Tekcapital acquired salt manufacturing IP from University of Arkansas with 78% less sodium
“One was from the University of Arkansas. We've acquired two technologies. One is actually a new form of salt, a new way of manufacturing table salt that has, in the table salt version of it has 78% less sodium, so it's healthier for the users.”
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“We've acquired a portfolio of 13 optics patents from the University of Central Florida. That allow you to make freeform optics designs in glasses that are lightweight, not bulky, and should look like normal glasses.”
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“We have an invention evaluator service, which is a terrific service that we provided to around 250 universities around the world and a few large companies.”
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“One of the technologies that we've invested in was actually in the category of medical devices, and we set up a portfolio company called Belloscura, and we acquired a range of medical devices from a leading medical device company, and Belloscura has been doing…”