Former InterDigital innovation chief sees big opportunities with new firm 04 Jul 14
In mid-June Soryn IP Group, which describes itself as a ‘patent asset management and advisory company’, hired Fatih Ozluturk, the former VP of innovation at InterDigitial. Ozluturk, who spent 11 years at the PIPCO before leaving in 2012, joined Soryn as head of technology and innovation. After leaving InterDigital he had pursued a number of his own business opportunities, become an angel investor and a venture partner at ER Accelerator. A couple of weeks into his new job, the IAM blog caught up with Ozluturk to hear more about his position.
Talking about the drivers behind his decision to join Soryn, Ozluturk – who is the named inventor on more than 180 US patents and 360 US patent applications - pointed to a considerable overlap between his views of the dynamics driving the patent market and those of Soryn’s founder, Michael Gulliford. “We both saw some of the changes caused by new patent legislation and the general anti-patent sentiment, and realised they would make it difficult for a lot of innovators,” Ozluturk said. Although he supports moves to stamp out the most frivolous litigation, he stressed that overall it’s becoming more and more difficult for businesses to monetise their IP assets in the US. This is where the likes of Soryn see opportunities in advising companies about building and monetising patent portfolios, acting as a broker and in overseeing patent prosecution strategies.
Gulliford, a former litigator at the law firm Kirkland & Ellis, established Soryn in 2013 and Ozluturk pointed to the complementary nature of their backgrounds as one of the reasons behind his decision to join. “We’re different to a couple of guys who are just focused on litigation,” he stressed. That said, in a crowded market, a new entrant needs to be about more than a patent prosecutor joining forces with a patent monetiser.
However, there are a couple of things that could help Soryn stand out. First, Ozluturk clearly brings good contacts with VC and start-up communities, particularly among New York’s burgeoning tech players. Becoming a trusted adviser to such companies would given Soryn an immediate niche. And, second, Ozluturk revealed that he and Gulliford are looking to build partnerships with relevant investors and advisers which could help extend Soryn’s reach. In the next couple of weeks, for example, they expect to announce a partnering arrangement with an experienced group of venture capitalists that would see the firm provide advice on IP rights strategy, including how to grow and monetise a patent portfolio, to businesses that the VCs have invested in.
At Soryn Ozluturk is responsible for identifying new technology areas for the business to look into and will advise the owners of portfolios under its management on how these might apply to adjacent sectors and future technologies that emerge in the next five to 10 years.
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