Penn State University will be the first university in America to auction their exclusive licenses to intellectual property to interested companies. The first auction is scheduled to start on March 31 to April 11 and includes dozens of patents from the College of Engineering.
According to Don Mothersbaugh, a senior technical specialist in PSU’s Office of Technology Management, “ a lot of times we patent something, and then 10 years later, the real world catches up to the technology itself.” Once the property is won, the winning party would work with the Penn State Office of Technology Management to bring the patent to life. Several of the patents going to be auctioned include a vigilance monitoring system that establishes if a driver is alert, a new method of treating water to remove perchlorate containments and one for polycrystalline complex-shaped mesoscale components.
Read more about the intellectual property being auctioned by Penn State University.
