Ben is co-founder and President of yet2.com, a global marketplace for technology. yet2.com helps companies scout for, identify and acquire new technology to drive growth. yet2.com also helps companies gain more value from their existing technology and patent portfolios.
Examples of yet2.com’s work include:
- Axela Biosensors – yet2.com identified Axela and spun out Kimberly Clark’s biosensing platform technology (including 150 patents).
- Chromodex – yet2.com identified Chromodex and spun out Bayer’s bioanalyitical platform technology.
- Corium – yet2.com identified Corium for P&G and spun out their transdermal drug delivery platform technology.
- SureToGrow – yet2.com identified and helped found SureToGrow with DuPont’s hydroponic soil platform technology.
yet2.com is the world’s leading open innovation platform. Most of the Fortune 500 are engaged in deal discussions through yet2.com, ranging from new drug-delivery technologies to new heavy-oil recovery technologies. yet2.com is also particularly good at helping small companies and entrepreneurs find licensees and corporate partners, in addition to finding capital. We have invested in our clients technologies.
yet2.com leverages Open Innovation to invest in and help promising new technology companies. Representative yet2.com investments, made in the past 18 months, include:
- Ganeden BioTech – Effective probiotics for digestive aid, animal feed and topical applications.
- ElectroPetroleum – Environmentally friendly breakthrough technology for heavy oil recovery using electricity. The third successful test was completed, in the Wilkie field in the Canadian oil sands. Larger implementations will be announced shortly.
- Nanopack – Has commercialized the first clear barrier coating for consumer packaging that is simultaneously high-barrier, low-cost, and environmentally friendly. It can be applied using existing printing and/or coating equipment to BOPP, PET and NYLON film.
- Watermark Medical – Home sleep diagnostic test, 10% of the cost of an in-lab sleep study. Fully reimbursable, and FDA approved. Sales growing rapidly.
- Versify – Energy trading software platform. Company is growing rapidly, with a host of large clients like, Constellation Energy and eXcel Energy.
- Vorbeck – Manufactures graphene, planar sheets of carbon, that are one atom thick. Large capacity manufacturing facility up and running. The material has broad application in everything from; batteries, lubricants, tires and conductive inks. Vorbeck has invented a low cost process.
yet2.com has offices in; Boston, Liverpool, Tokyo, and Wilmington, Delaware. In 2000 it was jointly funded by Siemens, Bayer, Caterpillar, Honeywell, P&G, DuPont, and NTT Finance.
yet2.com’s management team gathers every Spring in Maine. Here we are overlooking Casco Bay
Prior to founding yet2.com, Ben spent 14 years with DuPont in a variety of positions in; Specialty Chemicals, Fibers, and Automotive business units, living; in Elgin SC, Detroit MI and Boston MA.
Ben has a 1986 BSME from Tufts University and is a director of; Morgan Stanley Capital International NYSE:MXB, Vianix (a speech compression company), Speakman, Longwood Gardens, Bessemer Trust Delaware, First State Innovation and the Tower Hill School. Ben is a Partner with the Potomac Energy Fund. Ben is a; licensed pilot, a ham radio operator, and an avid sailor.
Ben lives with his wife Laura and their two children in Wilmington, Delaware. Here is a photo of them in 2001. (in any subsequent photo he will look worse and she will look better)
Below is a picture of Ben sailing a Moth (a small boat using hydrofoils) in Florida in 2009. Moths can go 30Mph (or 2x the speed of the wind) and are cleantech.
October 23, 2009 at 5:08 pm |
Ben-
It has been quite a while, but E.I DuPont de Nemours and Co., Inc. was my first career job out of Graduate School at Georgia Tech. I worked for about 8 years out of suburban Wilmington in the Fibers Dept…… engineering, R&D, Tech Service, etc. I’m sure you remember the Chestnut Run facility and the Centre Road Building. I worked out of both in the late ’50s and mid ’60s. Lived in Claymont. I’m elderly now and long retired from active business but my creative spirit developed some technologies over the years which I still hope to capitalize on. Patent coverage is long gone but there are developing markets which can open important wealth opportunities for companies with the kind of knowledge and spirit compatible with my developments. I hesitate to relate too much at this point. How much time do you spend in Florida? I’m in Delray Beach and Ft. Pierce. Maybe we can get together sometime and chat.
Stu Snyder