Major research universities launch “University Technology Licensing Program”
The U.S. Department of Justice’s Antitrust Division announced last week that it had completed its review of a proposed joint patent licensing pool known as the “University Technology Licensing Program” (UTLP).
Under the initiative, 15 participating universities will be able to cooperate in licensing certain complementary patents through UTLP which will be organized into curated portfolios relating to specific technology applications for autonomous vehicles, the “Internet of Things,” and “Big Data.” The overarching goal of UTLP is to centralize the administrative costs associated with commercializing university research and help participating universities to overcome the budget, institutional relationship, and other constraints that make licensing in these areas particularly challenging for them.
Maha Krishnamurthy, Vice President of the University of Tennessee Research Foundation, said that her organization is not one of the 15. Announced members, in alphabetical order, are Brown, Caltech, Columbia, Cornell, Harvard, University of Illinois, Michigan, Northwestern, Penn, Princeton, SUNY Binghamton, University of California Berkeley, UCLA, University of Southern California, and Yale
You can learn more about the program here and here.
