Sublime Technologies is the latest spinoff to come out of the Invention Development Fund (IDF) at Bellevue-based Intellectual Ventures (IV), the patent holding firm and technology company run by former Microsoft technology chief Nathan Myhrvold.
A spokesperson at IV confirmed that Sublime Technologies is a “new consumer products related start-up that our Invention Development Fund is putting together based on some inventions that came out of the group,” but wouldn’t provide further comment.
An SEC filing notes $99,999 raised of a $800,000 round and lists three names: Chris Alliegro, the Invention Development Fund executive vice president; Patrick Ennis, global head of technology at IV; and Dave Rosenberg, senior director of investment strategy at IV.
IDF leverages the IV’s global reach and network of inventors to further develop and commercialize its technology. Other spin-outs from IDF include CF Global, which aims to develop a market for a new product called Coffee Flour, a food ingredient derived from discarded coffee cherries. Another company, REFLX, is working with IDF to further develop and commercialize its wearable technology.