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SRI International is an independent, nonprofit research institute conducting client-sponsored research and development for government agencies, commercial businesses, foundations, and other organizations. SRI also brings its innovations to the marketplace by licensing its intellectual property and creating new ventures. 'Business Week' dubbed SRI 'Spin-Off City,' an innovation engine that creates new spin-off businesses to capitalize on technology developed at SRI and move it into the marketplace. Working with top-tier investment and venture capital firms, SRI and its subsidiary Sarnoff Corporation have formed about two dozen new ventures. Through 'nVention,' SRI's model for engaging VCs at the earliest stages of the venture creation process, the firm nurtures technology and business concepts to create funding opportunities. SRI has spun off more than 50 ventures (with a total market capitalization exceeding $20 billion) such as Siri, Intuitive Surgical, Nuance Communications, and Tout. SRI employs over 1,500 people including scientists, engineers, technologists, policy researchers and corporate and support staff. Many are recognized leaders in their fields.
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