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Allied Minds and MITRE partner to spin out innovations and launch new companies


By David Schwartz
Published: July 6th, 2016

Allied Minds, a company that invests in life science and technology ventures, has expanded its partnership with the MITRE Corporation, a nonprofit that operates multiple federally funded R&D centers, to get a first look and exclusive access to MITRE’s intellectual property portfolio.

The two entities first came together in March 2014 to launch a malware protection company using MITRE technology. Now Allied Minds, through its new spinout Allied Minds Federal Innovations (AMFI), will have broader, more exclusive access to the nonprofit’s innovations with the goal of licensing them to companies formed by AMFI.

Under the agreement, AMFI will provide the new companies with capital, management and consulting to accelerate the commercialization of the MITRE technologies. “Working in our sponsors’ interest, MITRE develops substantial intellectual property that can benefit the nation,” says Pete Sherlock, senior vice president at MITRE. “Working with the Boston-based Allied Minds, we are tapping into the world-leading innovation and high-tech ecosystem in Massachusetts to help grow the economy and help federal agencies solve the nation’s most difficult challenges.”

The new partnership is one of several tech transfer agreements that Allied Minds has signed with federally funded labs.

“We look forward to working more closely with MITRE to create new companies based on MITRE technologies that we believe will be important contributions to the commercial marketplace, creating jobs and improving US economic competitiveness,” says Chris Silva, CEO of Allied Minds.

Source: Business Wire

Posted under: Tech Transfer e-News

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