The University signed an IP commercialization agreement with a UK-based intellectual rights commercialization company, IP Group PLC, on Wednesday.
The company specializes in the commercialization of intellectual property rights developed at research universities around the world.
The agreement will help develop “early stage” opportunities based on intellectual property developed at Princeton that IP Group will now have access to with this new agreement.
The agreement has a pilot phase of 18 months and will cover a variety of subjects, including materials, clean technology, medical sciences, human sciences, information technology, electronics, communications and robotics.
According to the IP Group website, John F. Ritter, the University’s Director of Office of Technology Licensing, said, “We are excited to be one of the first US universities to partner with IP Group. The collaboration will increase the potential for great companies to emerge from the innovative research at Princeton.”