Company: INV
Filing Date: 2025-04-15
Form Type: S-1
Source: 0001628280-25-017890
Chunk: 86

Company: Innventure, Inc.
Filing Date: 2025-04-15
Form: S-1
Chunk 86
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 commercializing data center cooling products

since its inception in 2022 and delivered customer proof-of-concept pilots in Q2 2024.

• Refinity : Intends to commercialize process technologies for converting low cost, abundant plastic waste to

drop-in chemicals directly useful in and consumable by the existing petrochemical supply chain.

Innventure is committed to long-term sustainability and making the planet a better place to live for all, while

simultaneously creating significant enterprise value for our shareholders.

Competition

We view our competition through two frameworks: competition to acquire technologies from MNCs and other

technology innovators and competition faced by our Operating Companies.

Other Technology Acquirers

We believe we have a unique offering for MNCs and other technology innovators looking to monetize and

commercialize their R&D. We believe VC firms and other potential acquirers who are active in the market typically

do not possess the in-house business creation and operations management that is at the core of the Innventure

strategy. Some VCs and other potential acquirers invest in companies who license IP from universities, nonprofit

research institutes, or national laboratories. In those cases, the VC and other potential acquirer need to spend

significant time and effort building an initial team and starting the business, then transferring and often further

incubating technology, developing products, and defining business plans. We don’t believe any VCs and other

potential acquirers have a business model that is as comprehensive, vertical agnostic and focused on creating new

companies that can achieve a target enterprise value of at least $1 billion as Innventure.

Other potential competition might include individual entrepreneurs looking to purchase technology solutions

from an MNC or other technology innovator. We believe that while individual entrepreneurs may have the right

technical or business skills, they frequently lack the credibility and financial resources to meet the requirements for

the top, most disruptive technologies resident in MNCs and other technology innovators. We also believe these

entrepreneurs can lack the resources and business infrastructure to quickly establish a new company, reducing the

likelihood of a successful commercialization process. Members of Innventure’s core team have put into practice

various components of the DownSelect model for choosing opportunities to scale over the past thirty years. This

history, along with our ability to work in collaboration with Technology Solutions Providers, are key drivers of

Innventure’s success to date and critical to Innventure’s future growth.

Innventure Company Competition