Tech Transfer eNews Blog

Intellectual Property Exchange International launches

By David Schwartz
Published: December 21st, 2011

The Intellectual Property Exchange International Inc. (IPXI) has received commitments from initial founding member corporations and universities to sponsor Unit License Rights (ULR) contracts — the initial product offered on the Exchange. ULR contracts transform private licensing of technology into tradable products, allowing for improved market transparency, streamlined tech transfer, and increased efficiency, the company maintains. Each ULR contract gives the buyer the right to use the IP offered for a pre-established number of instances in the manufacturing and/or sale of a product or service.

Initial commitments from ULR contract issuers have an aggregate targeted market value in excess of $250 million, with numerous additional company portfolios in various stages of the submission process, according to Gerard Pannekoek, IPXI president and CEO. In addition to founding corporate members Philips and Com-Pac International, Rutgers University, Northwestern University, and the University of Utah have joined as university founding members, with the right to serve on the IPXI rules committee and to commit to sponsor ULR contracts on the Exchange.

Chicago-based IPXI, the world’s first financial exchange focused on IP, is designed to provide global corporations, small and medium-sized enterprises, universities, and public and private labs with price transparency and enhanced efficiency in nonexclusive technology licensing.

Source: MarketWatch

Posted under: Tech Transfer e-News

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