Avance advises Raisio Oyj in the creation of an R&D and IP joint venture with the world’s leading invention capital company Intellectual Ventures. The joint venture will develop and strengthen the intellectual property portfolio related to Raisio’s Benemilk® invention, a cattle feed supplement that improves milk production, and to commercialise the huge worldwide potential of this invention. The transaction will lead to Raisio having a majority ownership in the joint venture company while retaining an exclusive right to the invention and its future applications in Finland.