In smaller cities and middle-income regions across the globe, even the best ideas and most promising new businesses can die on the vine for lack of access to markets and capital. Those regions need new forms of innovation financing to prosper in an age of globalized commerce. With the right funding, many communities across the U.S. can — and should — build their own locally-sourced innovation economies. A new type of financial instrument, local innovation bonds, would establish a pool of debt financing for tech startups that stay locally owned and managed as they grow.
Edward is a brilliant technologist who quickly grasps the complexities of any technical field, a strategist who translates his insights into elegant frameworks for unlocking financial value, and a pragmatic tactician who builds businesses at scale.
Edward Jung is one of the top 15 inventors in history, holding more than 1000 patents worldwide across healthcare, computing, networking, energy, and material sciences. As an entrepreneur, he founded or co-founded multiple companies including Terrapower, Kymeta, Vigilance, and Benemilk. He advises several others.
Edward founded Intellectual Ventures in 2000 after leaving Microsoft where he was Chief Architect. At Microsoft he founded projects in semantic web, adaptive UI and artificial intelligence, and co-founded Windows NT, Office, Microsoft Research, mobile and consumer products. While leading Microsoft Research, he oversaw a budget of $4.5 billion.
Before joining Microsoft, Edward founded (his third startup) Deep Thought Group, working on neural network chips. In the the 1980’s he was personally recruited by Steve Jobs to work on projects at Apple and NeXT. His biomedical research has been published in Proceedings of the National Academy of Sciences, Journal of Biological Chemistry, and others. Edward continues to be a sought after keynote speaker globally, discussing innovation strategy, technology trends, and mega-scale cross-border collaboration.
Edward currently serves as the CEO at Xinova where he visits innovators, companies and governments around the world connecting problems to solutions. In 2005 Edward founded the predecessor to Xinova and co-managed it from 2008. Xinova is based in Seattle with offices in Seoul, Beijing, Bangalore, Israel, Singapore, Sydney and Tokyo.
PO Box #30873
Seattle, WA 98113
Xinova Japan GK
Yaesu Mitsui Building 6F
2-7-2 Yaesu, Chuo-ku
Tokyo 104-0028 Japan
10th floor, Golfzone Tower
Seoul 06072, Korea
+82 2 6952 8840
Erottajankatu 5 A 4
Affiliate offices in Tel Aviv & Vienna