Flip.Ventures is the intellectual property development arm of Tesla Laboratories, LLC. Flip is the acronym for Forward Looking Intellectual Property. “If you don’t know where you are going, you will probably not wind up there” at Flip.Ventures we harness the power of front-end patent intelligence and its positive augmentation of a quality patent strategy. We create business grounded and leveraged by patents. Both recognise the importance of beginning with the end goals in mind and address issues which must be evaluated upfront to achieve this objective. If the objective is to ‘wind up’ with a strong patent portfolio then patent issues relating to developing innovations and patent procurement must be evaluated at the very beginning of research and development (R&D) and new product development—ie, it is essential to “know where you are going’”. Businesses must embrace the forward-looking and cost-savings advantages of patent landscaping, strategic and predictive invention, competitive intelligence, and life-cycle management in order to implement an optimal patent strategy at the forefront of the innovation process. Each "patented leveraged business we build" is maximized to Flip to various entities and/or strategic partners who can then maximize the return on investment, whether it be sales of a product, the licensing of a given portfolio or the acquisition of the portfolio by an well targeted and aligned strategic partner.