UC Davis and Intel Sign Subscription Agreement for Current and Future University Patents
Agreement provides Intel with the right to enter into non-exclusive licenses for certain patents managed by UC Davis.
UC Davis and Intel Corporation (“Intel”) have signed a subscription agreement covering certain UC Davis patents. Intel has an option to non-exclusively license patents covered by the agreement during a specified period of time and at a predetermined fee. UC Davis retains the right to license these patents to other parties - either non-exclusively in any field of use or exclusively outside the defined field of use. This agreement continues for five years, with successive five-year extensions subject to mutual agreement by Intel and UC Davis.
“Initiating this subscription agreement further extends opportunities for Intel to benefit from UC Davis’ world-class innovation in engineering and computer science,” said Dr. Dushyant Pathak, Associate Vice Chancellor for Technology Management & Corporate Relations and Executive Director of Venture Catalyst within the UC Davis Office of Research, “Our new agreement continues an already successful relationship between Intel and UC Davis, and we look forward to this as a springboard for further collaboration,” he added.
About UC Davis InnovationAccess
InnovationAccess is one of three units within the Technology Management & Corporate Relations division of UC Davis. It actively manages a portfolio of more than 1,300 inventions reflecting the diversity of the campus’ research and technology innovation, and seeks opportunities to commercialize these via licensing, with more than 700 active licenses. In addition to negotiating licenses with established companies, InnovationAccess also supports licensing to enable startup companies emerging from university research. 14 startup companies were enabled with foundational IP from the university during FY 2016-17 and over 90 start-up companies formed since 2005. The UC Davis InnovationAccess team comprises more than 20 intellectual property professionals with PhDs, JDs, MBAs and substantial private-sector experience.
Intel (NASDAQ: INTC) expands the boundaries of technology to make the most amazing experiences possible. Information about Intel can be found at newsroom.intel.com and intel.com.
Posted on June 1, 2017