Tech Transfer eNews Blog
University-Industry Engagement Advisor

IPwe creates advisory committee to focus on university tech transfer and NFTs

By Jesse Schwartz
Published: June 9th, 2021

IPwe, a blockchain-powered Global Patent Market, has launched a committee that focuses on tokenized patents as non-fungible tokens (NFTs).

IPwe’s platform combines the information and tools to identify, research, evaluate and transact in patents. The company serves large enterprises, start-ups, universities and research institutions seeking to enhance their IP portfolios, as well as investment groups interested in backing tech companies.

The new Advisory Committee for University Technology Transfer will explore how patent NFTs can facilitate the commercialization of university innovations.

“The use of NFTs to represent patents will help create completely new ways to interact with IP, connecting people to patents through transparency and discovery of patent information,” says IPwe CEO Erich Spangenberg. “The IPwe team is now ready to execute on our longer-term vision of being the go-to fintech platform for IP evaluation and transactions, as IP develops into an asset class.”

“In the technology transfer space, university IP is based on science that is the result of extensive research and typically years before market development,” says Ian McClure, the University of Kentucky tech transfer leader who was named chair of the new Advisory Committee. “I’m excited to explore the possibility for blockchain and NFTs to help verify research data and create broader and more efficient access to these inventions.”

According to IPwe, the new approach could bring financial institutions, insurers, enterprises and other patent stakeholders into the company’s IP ecosystem.

Source: Cision

Posted under: Tech Transfer e-News

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