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[April 09, 2014]
IP Group Inks Commercialisation Agreement With Princeton University
(Alliance News Via Acquire Media NewsEdge) LONDON (Alliance News) - IP Group PLC said Wednesday that it had signed an intellectual property commercialisation agreement with Princeton University in New Jersey.
Under this agreement the company will help develop early stage opportunities based on intellectual property developed at the university covering materials clean technology, medical, human sciences, information technology, electronics, communications and robotics.
It will have an initial pilot phase of eighteen months.
"The collaboration will increase the potential for great companies to emerge from the innovative research at Princeton," said Director of Princeton's Office of Technology Licensing, John Ritter in a statement.
Shares in IP were trading up 2.6% at 209.32 pence Wednesday morning.
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