Technology Licensing Exchanges

Article excerpt

People who deal in intellectual property have long been using the Internet as an adjunct to their business and recently they have been adopting new models of web-based or web-supplemented IP exchange services. Some inventors have set up intellectual property auctions on the eBay model.

Below is a selected list of web sites that offer patent and intellectual property exchanges. Most offer a database of inventions that technology licensing partners can browse by category or search by keyword. Fees and arrangements vary, including non-profit and commercial, free and fee-based. Many sites contain general information on inventions and patents, and link to other useful sites.

The world of invention ranges from stolid corporate and university-based R&D departments to quirky individual inventors, and so do the patent exchanges. Two useful on-line articles on intellectual property exchanges in general (on the Patent Auction.com site (http:// www.Patentauctian.com)) are "Marketplace of Ideas: Selling Patents Online," by Paul Jacobs, Los Angeles Times, Oct. 29, 1999

(http://www.patentauction. com/news/ la times.htm), and "And now, intellectual capital can be traded on the net," by Akash Joshi, Financial Express, Mar. 11, 1999) (http: //www.patentauction. com/news/ India express.htm).

Norman Bauman is a New York City-based science journalist. He has been writing about science and technology, including biotechnology patents, for over 20 years. http://www.nasw.org/users/nbauman yet2.com

(http.//www.yet2.com) Cambridge, MA, USA (617) 557-3800 Manchester, England 44 (1928) 58 3500 Tokyo, Japan 81(28)6677924 (support(i4et2. come

Cross-industry. Claims that 25 percent of all worldwide R&D is posted on yet2.com. Over 400 companies and 37 major corporate and consortia sponsors, including Boeing, P&G, 3M, British Telecom, Toyota, EPRI, and Sandia list their technologies exclusively. Anyone can post technologies for a posting fee of $500 for up to five technologies, or $5,000 a year for unlimited membership. Free registration allows user to search by keyword or browse by category to view available technology by one-line general description. More detailed description available with 24-hour membership for $25, or one-year subscription for $500 ( 1-9 users). Transaction fee for successful sale or licensing is $5,000 minimum, or 10 percent to $50,000 maximum.

Intellectual Property Technology Exchange, Inc. (TechEx)

(http://techex. com) 25 Science Park, Box 20 New Haven, CT 06511 (203) 865-5524 (fax) Jon Garen Vice President (203)865-5520 (on.garen@techex.com) Jerry Williamson President and CEO (203)865-5522 (jerry.williamson@techex.com)

Specializes in early-stage biomedical and life sciences, from basic research to issued patents. Agriculture, chemical, diagnostics, genomics, targets and screens, therapeutics, and medical devices. Over 3,000 licensing opportunities available. 250 university/government and 500 corporate participating organizations (founded by Yale U.). Members-only system restricted to approved users, who are legitimate technology providers or developers (no brokers). Search for categories by keyword. Automatic email notification based on keywords. No charges at this time, and currently not transaction-based.

The Patent & License Exchange, Inc. (http: //Pl-x. com) 117 East Colorado Boulevard, Suite 200 Pasadena, CA 91105 (info@pl-x.com) (626)405-0690 (626) 405-0638 (fax)

All industries, including information, health, materials, automotive, transportation, materials handling, and other business processes. Qualifies participants for experience and standing. Over 170 subscribers who can buy and sell technology. Individual inventors are encouraged to use agents. Provides a financial market approach for licensing intellectual property. Uses proprietary algorithms to calculate current value, price and financial risk. Provides escrow services, seller and buyer insurance, neutral contract documents. …