The Intellectual Property Exchange International Inc. (IPXI), a financial exchange based on intellectual property, is working with IP professionals to develop a market to offer and trade IP rights. A group of these professionals met in Dallas in late March to discuss IPXI's "Unit License Right," an alternative to traditional licensing, which would enable owners to more efficiently monetize patents through standard contracts, unit-based market pricing and transparent reporting.
"Having been through this same process to gather industry backing for a new exchange as president of the Chicago Climate Exchange (CCX), support shown this week by iconic industry and university patent holders greatly exceeded all expectations," said Gerard J. Pannekoek, IPXI's chief executive. "There was universal opinion that this market is needed and should open as planned."
Read IPXI's press release about the event.