Penn State Will Hold Auction of Intellectual Property

March 5, 2014

Pennsylvania State University on Tuesday announced plans to auction off some of its intellectual property. Like most research universities, Penn State holds patent rights on many inventions, and many of these patents haven't been taken to market in a meaningful way with new products or services. Penn State believes that its auction is the first of its kind and could provide the university with revenue and allow more patents to be used to their fullest potential.


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