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Caltech, Intellectual Ventures form partnership

By David Schwartz
Published: April 20th, 2011

The California Institute of Technology (Caltech) and Bellevue, WA-based Intellectual Ventures (IV) have partnered to develop and commercialize new technologies. The partnership allows IV to fund the work of students and faculty in areas of interest, such as next-generation data centers, dynamic surgical enhancements, and green and sustainable chemistry. Caltech will own the resulting patents and IV will receive a license to commercialize the technology. The inventors will earn a share of the profits from inventions that are commercialized and will have an option to create start-up companies based on their innovations.

Intellectual Ventures also will work with Caltech researchers to conduct invention workshops that address specific problems and opportunities. IV will help manage the patenting process and will provide Caltech and its inventors with revenues from the inventions it commercializes. Under the agreement, Caltech and IV will continue to co-sponsor the Intellectual Ventures-Caltech Invention Competition to recognize and inspire budding innovators and entrepreneurs. Intellectual Ventures has numerous partnerships with institutes in Asia and elsewhere in North America. (See previous eNews items at here and here.

Source:  Intellectual Ventures

Posted under: Tech Transfer e-News

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