SINTEF states in its development plan for 2004-2008 that the SINTEF group shall be a leading player in Research & Development based innovation and commercialization, which includes all business areas.
In order to accomplish this, SINTEF has developed the SINTEF Innovation Concept, a process spanning from creating ideas, developing them into business opportunities, and to the realization of them.
Sinvent AS is a wholly owned subsidiary of SINTEF, with corporate responsibilities of operating the SINTEF Innovation Concept, in joint effort with top management of SINTEFâ€™s business areas. In this reference Sinvent is also responsible for administering SINTEFâ€™s Intellectual Property Rights (IPR), and is hence IPR-owner on behalf of SINTEF.
As tools in the process of establishing new companies Sinvent also manages the venture investment portfolio of SINTEF: SINTEF Venture, SpinOut Venture and Sinvent Venture.