Montreal, QC – To enhance McGill University’s access to global commercial markets for its innovations, the university has announced a partnership with Intellectual Ventures (IV) to provide an additional avenue for its faculty to commercialize their inventions and discoveries.
Intellectual Ventures is a global concern that collaborates with leading inventors, partners with pioneering companies, and invests both expertise and capital in the process of invention.
IV will be allowed to invest in the work of McGill faculty in areas of interest to the company, such as next generation data centres, dynamic surgical enhancements, and green and sustainable chemistry. McGill will own the resulting patents, and IV will receive a license to commercialize them. The inventors will earn a share of the profits from inventions that are commercialized.
Under the partnership, IV will identify specific areas of interest where technical problems or market opportunities exist. McGill researchers and IV may then develop new inventions in these areas and could also engage in additional proof of concept development projects.