Penn State to auction intellectual property licenses - Penn State

Penn State plans to auction some good ideas. From March 31 through April 11, the University will conduct what is expected to be the first of many auction-style events to license intellectual property in a variety of categories. Winning bidders in this first auction will obtain licensing rights to patents derived from faculty research in the College of Engineering. The auction is believed to be the first of its kind in the nation conducted directly by a university, according to Penn State Associate Vice President for Research and Technology Transfer Ron Huss. The Intellectual Property Auction Website -- I-PAW -- is now accessible at http://patents.psu.edu/ so that interested parties can view available IP, create an account and pre-register for the auction. http://news.psu.edu/story/306440/2014/03/04/research/penn-state-auction-intellectual-property-licenses