Intellectual Ventures signs partnership with IIT

Updated on: Friday, March 20, 2009

US based invention investment company Intellectual Ventures and Indian Institute of Technology-Bombay today signed a MoU to license and commercialise inventions of students and faculty of the institute.
    
The MoU, signed by Ashok Misra, Chairman Intellectual Ventures (India) and Krithi Ramamritham, Dean R&D of IIT-B, is expected to result in the wider dissemination and practical utilisation of inventions generated by IIT-B faculty, students and staff.
    
Intellectual Ventures (IV), a pre-venture capital company would license IIT-B inventions accepted under this program and work on a number of possible commercialisation strategies for them, Misra told reporters.
    
'IV will pay IIT-B fees for such licensing and also bear the cost of patenting associated with these inventions,' he said.
    
The eight-year-old company with its global network and 500 experts will be able to protect ideas as well as expand the ideas to their logical conclusions, Barry Stolzman

For more information visit: www.kalvimalar.com

 

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