[Ecommerce] Patent donation story

[Manon Ress]

The Delaware Intellectual Property Business Creation Donation Program
is under way.
Tuesday, October 31, 2006 9:30 PM EST

http://www.ledgerdelaware.com/articles/2006/11/14/news/news.11.txt

The program is a first of its kind initiative designed to stimulate
and accelerate entrepreneurial ventures and promote new business
creation. The program is part of Gov. Ruth Ann Minner=92s New Economy
Initiative, an economic stimulus package that promotes all businesses
within the state of Delaware.

=93This ground-breaking program provides a distinctive edge for
technology-minded entrepreneurs in Delaware, said Judy McKinney-
Cherry, director of the Delaware Economic Development Office. =93No
other state has ever done this before - it will likely transform
future economic development efforts as other states seek to develop
similar initiatives.=94

The program will work by transferring emergent technology from
private corporations for the benefit of existing and new
entrepreneurs in Delaware. DuPont agreed to donate a minimum of 250
patents and proprietary technology packages. Hercules Corporation has
donated five additional patents to the program.

=93Large companies, like DuPont and Hercules, have developed portfolios
of patents and other forms of intellectual property, but do not use
all of these assets in their core products and services, said Kyle
Buzzard, director of Entrepreneurial and Small Business Support
Center of Excellence. =93Those non-core assets remain unutilized or
underutilized, yet some of them can provide significant economic
benefits when matched with the right entrepreneur. Through a
strategic partnership, we have established a way to leverage this
intellectual property to boost revenues for the state and strengthen
the technology industries in Delaware.=94

In May 2006, DEDO contracted with the Center for Advanced Technology
and Innovation, Inc. to evaluate and assess the patented technologies
from DuPont and Hercules Incorporated. Now DEDO is making available
to the public the first 105 of 255 patented technologies from the
initial two corporations.

The patents and/or proprietary technology packages may be utilized by
entrepreneurs, entrepreneurial ventures or technology focused
companies operating in Delaware at the time of licensing or
acquisition of the technology.

The patent information may be downloaded by the public from DEDO=92s
web site at www.state.de.us/dedo/business/patent_portfolio/index.shtml.


************************************************
Manon Anne Ress
manon.ress@cptech.org,
www.cptech.org

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