The Purdue Research Foundation’s Office of Technology Commercialization and a South Korean engineering institute are working together to push commercialization of intellectual property. As part of the relationship, Purdue and Hanyang University will market innovations on webpages, e-newsletters and other promotional spaces.
The schools say the agreement will bring the innovations to new international markets. Purdue and Hanyang will retain independent ownership of their respective intellectual properties. The innovations will be marketed through the Purdue Office of Technology Commercialization and Hanyang’s Technology Transfer Center.
PRF Office of Technology Commercialization Vice President Chad Pittman says Purdue will benefit from partnering with a university "known for its strong engineering, science and technology programs." He says similar research initiatives between the universities strengthen the collaboration’s potential.
Purdue is reporting two consecutive years of record-breaking commercialization activities through the Office of Technology Commercialization and the Purdue Foundry. The school promotes its innovations with tools its FlintBox online platform and a monthly e-newsletter with more than 100,000 subscribers.