Intellectual Ventures Canada (IV) and the University of Ottawa (uOttawa) sign a Master License Agreement

Ottawa, Canada October 4, 2010 – Intellectual Ventures Canada (IV) and the University of Ottawa (uOttawa) today announced the signing of a Master License Agreement that provides an additional and novel approach to the development and management of intellectual assets generated by uOttawa faculty, students, and staff. Financial support toward targeted innovation, as well as patenting costs for inventions accepted into the program will be provided by IV. Through this partnership uOttawa will gain access for its innovations to commercial markets across the globe. The university will also gain access to IV’s unique system of problem identification, the Requests For Invention. uOttawa is the first university in Ontario to join the IV invention development program.

Joe Irvine, Director, Technology Transfer and Business Enterprise (TTBE), uOttawa said “This agreement marks the latest in a series of progressive and proactive measures to provide our researchers and our innovations with the widest range of options in the commercialization of their research. IV is a truly unique partner that will bring technical, financial and commercial expertise to those projects that are selected for submission.” Said Irvine, “this Master License Agreement gives uOttawa a new mechanism to increase the impact of uOttawa research discoveries on the Canadian and global economy.”

“We are thrilled to enter into this agreement with the University of Ottawa, one of Canada’s premier institutions. In particular, we were drawn to uOttawa by their core strengths in both fundamental and applied research. With more than 640 research labs, 150 research chairs, and world-class facilities and research centres, we can’t wait to start working on new inventions from uOttawa faculty, staff and students,” said Parminder Singh, President, Intellectual Ventures Canada.

Intellectual Ventures has a global team of more than 650 employees and collaborates with over 4,000 inventors around the world. Intellectual Ventures files thousands of patent applications a year in more than 30 technology areas including green technologies, metamaterials, and consumer electronics. IV believes that inventions themselves are inherently valuable. IV currently manages a portfolio of over 30,000 patents and patent applications and has returned over US$1 billion to its investors. Intellectual Ventures expanded its presence into Canada in 2010 to develop new inventions directly with leading inventors and institutions throughout the country.

ABOUT UNIVERSITY OF OTTAWA
The University of Ottawa is committed to research excellence and encourages an interdisciplinary approach to knowledge creation, which attracts the best academic talent from across Canada and around the world. With 38,000 students and over $250 million annually in research funding, the University of Ottawa is one of Canada’s top ten research universities. http://www.uottawa.ca

Press inquiries uOttawa: Nathalie Vanasse, Acting Director, Research Communications Nathalie.Vanasse@uOttawa.ca

ABOUT INTELLECTUAL VENTURES
Founded in 2000, Intellectual Ventures (IV) is the global leader in the business of invention. IV collaborates with leading inventors, partners with pioneering companies, and invests both expertise and capital in the process of invention. IV’s mission is to energize and streamline an invention economy that will drive innovation around the world. http://www.intellectualventures.com

For information in Canada: http://www.intellectualventures.com/WhoWeAre/Worldwide/Canada.aspx

Press inquiries IV: Nick Gibson, Intellectual Ventures, Gibson@intven.com

General inquiries Canada: informationCanada@intven.com

About Ottawa Technology Transfer Network
The Ottawa Technology Transfer Network (OTTN) is a collaboration among academic research institutions affiliated with the University of Ottawa and who's goal is to enhance the economic impact of research commercialization through the sharing of best practices, enhanced market knowledge, student engagement and proactive industrial interation. OTTN members include the University of Ottawa, the Ottawa Hospital Research Institutie (OHRI), the Childrens' Hospital of Eastern Ontario (CHEO) and the Unviversity of Ottawa Heart Institute (UOHI)

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