January 15, 2021
Main universities launch joint know-how licensing program
UTLP swimming pools a subset of universities’ mental property portfolios within the areas of connectivity, autonomous autos, and knowledge functions
January 15, 2021 – Fifteen of the nation’s main analysis universities—Brown, Caltech, Columbia, Cornell, Harvard, the College of Illinois, Michigan, Northwestern, Penn, Princeton, SUNY Binghamton, UC Berkeley, UCLA, the College of Southern California, and Yale—right now launched College Know-how Licensing Program LLC (UTLP).
UTLP brings a subset of mental property belongings from inside these universities’ patent portfolios associated to the bodily sciences collectively for environment friendly licensing, enabling tech corporations to acquire licenses to innovations from a number of universities for his or her present and future product choices.
In pooling the patents, UTLP will streamline the dissemination of those universities’ applied sciences, paving the best way for continued innovation within the market. Earlier college developments within the bodily sciences have already generated vital patented innovations which have improved lives and enabled new merchandise. By offering a one-stop store for corporations to entry applied sciences of curiosity, UTLP is designed to speed up the tempo of innovation within the industrial area.
“UTLP is a artistic resolution to fulfill a long-felt want for universities and personal sector actors. It’s going to make the licensing of applied sciences a lot simpler and extra handy, to the advantage of all individuals,” stated David Kappos, who served because the Underneath Secretary of Commerce for Mental Property and Director of america Patent and Trademark Workplace from 2009 to 2013.
A number of know-how areas are included within the College Know-how Licensing Program, together with connectivity (e.g., energy administration, networking protocols, sign processing and codecs, location monitoring, cameras and picture processing); autonomous autos; and knowledge functions (e.g., storage, knowledge administration, community protocols). Every taking part college will decide which patents from amongst its mental property portfolio to contribute to the UTLP pool. Sooner or later, UTLP could develop further patent swimming pools associated to semiconductor fabrication, utilized electronics, batteries, photovoltaics, robotics, and different areas.
“The commercialization of college innovations is a driver of our financial system that tremendously improves the well-being of American taxpayers. UTLP is a crucial step in making our system much more environment friendly,” stated Joseph Allen, who served as knowledgeable employees member on the U.S. Senate Judiciary Committee with former Senator Birch Bayh (D-IN). Allen was instrumental in each drafting and dealing behind the scenes to make sure passage of the historic Bayh-Dole Act, a landmark regulation that spurred innovation by enabling establishments, together with universities, to personal, patent and commercialize innovations developed below their analysis packages with federal funding.
Of their planning, UTLP and the colleges solicited, and are happy to have acquired, a good enterprise overview letter from the usDepartment of Justice. Further info on UTLP may be discovered at http://www.utlp.net.
UTLP is a collaboration amongst 15 of the nation’s main analysis universities, together with Brown, Caltech, Columbia, Cornell, Harvard, College of Illinois, Michigan, Northwestern, Penn, Princeton, SUNY Binghamton, UC Berkeley, UCLA, USC, and Yale. The colleges and UTLP are represented on this matter by Sullivan & Cromwell LLP, a regulation agency headquartered in New York with 13 places of work in Asia, Australia, Europe, and america.
Harvard Workplace of Know-how Growth
Caroline Perry, (617) 495-4157
Sullivan & Cromwell LLP
Stephen Snowder, (212) 558-4447