Next month, for the second time this year, Penn State plans to auction some of its U. S. patents online. Winning bidders will get licensing rights to patents derived from faculty research in a broad range of technical fields.
Penn State plans to auction some good ideas. From March 31 through April 11, the University will conduct what is expected to be the first of many auction-style events to license intellectual property in a variety of categories. Winning bidders in this first auction will obtain licensing rights to patents derived from faculty research in the College of Engineering.