AU launches new licensing program for increased access to patent - WTVM.com-Columbus, GA News Weather & Sports

AU launches new licensing program for increased access to patent portfolio

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AUBURN, AL (WTVM) -

A team at Auburn University has launched a new way in letting the public gain access to its inventions.

"We manage the inventions at the University so we file patents and look for companies that may want to bring those to market and that can be kind of a tedious process," says Brian Wright, AU Associate Director for Commercialization. "What we've done with some select technology is we want to remove that whole process and make them easier to access so they have a better chance of being brought to market for the public benefit."

This "ready to sign" model is a website that provides a listing and description of the patents, plus links to non-exclusive license agreements that can simply be signed and sent to the University for full execution, eliminating a lengthy negotiation process.

"If the company is interested they can print out the agreement, put in their information, pick which patents they would like, skip the ones they don't, send it back in and then we can counter-sign it and the deal is done," explains Wright.

The program offers access to 40 issued U.S. patents in a variety of categories including electronics, sensors and drug targeting.

The Office of Technology Transfer says they sign 15 to 20 license agreements each year, some of the most popular being a high resolution microscope and water purification technology.

"It becomes a public benefit, but then if that becomes known it would be good recognition for the university  and of course, all of the agreements have some sort of payment associated with them so we may see some sort of revenue, not only to the University, but also to the inventors," says Wright.

The "ready to sign" model can be found at this link.

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