Today we announced a partnership with one of the most prestigious research universities out there – Caltech.
Just as companies are rethinking their IP strategies, universities are also looking for new ways to commercialize the IP created by their faculty and students. We consistently see universities becoming more and more open to different ways of monetizing their IP, such as those offered by partnering with IV. We also find that schools are interested in our Requests For Invention that provide the school’s inventors with real world problems and market insights into where innovation is going next.
The agreement between IV and Caltech will allow student and faculty inventors to receive funding for inventions in areas where IV has expertise in commercializing IP, such as next generation data centers, dynamic surgical enhancements and green and sustainable chemistry.
Partnerships like this one are mutually beneficial to the university and IV. In this case, Caltech owns the patents, but IV has the option to exclusively license certain IP and commercialize the technology. Each university relationship is different, but the relationships are consistent with Bayh-Dole obligations.
For any universities who might be interested in talking to IV about potential partnership, please contact us at firstname.lastname@example.org.