Blacksburg, Va. -- Virginia Tech faculty and staff members and students who received 20 patents during 2004 will be honored by the university and Virginia Tech Intellectual Properties Inc. (VTIP) at a reception at the German Club on March 14. "The creativity, contributions to knowledge, and technology transfer that patents signify are an important form of scholarship," said Brad Fenwick, vice president for research at Virginia Tech
VTIP (www.vtip.org) is the not-for-profit organization that pursues patents and markets Virginia Tech discoveries. "The patents awarded to Virginia Tech faculty members, students, and staff represent a significant resource for economic development," said Mike Martin, VTIP executive vice president.
Patents were awarded in 2004 for technologies to increase the efficiency of the next generation of microprocessors, speed and protect the nation's power grid, protect and enhance human and animals health, and improve communication and education.
Intellectual Property Development
Out of 20 patents, seven went to faculty members and students in the Center for Power Electronic Systems (CPES, www.cpes.vt.edu). Another seven were for discoveries that will protect us from disease or enhance treatments.
"CPES' success is not because we are more creative than others at Virginia Tech," said CPES Director Fred Lee, professor of electrical and computer engineering. "In cooperation with VTIP, we established a new mechanism to capture intellectual properties," Lee said. Four of the CPES patents were licensed to the Intellectual Property Protection Fund (IPPF), created by members of the CPES industry consortium who paid fees to cover the cost of the patenting process. In return, they are given royalty-free access for two years to the intellectual property.
The arrangement is unorthodox on many fronts, Lee said. "The industries had to be convinced that sharing access to iPage: 1 2 3 4 5 6 7 8 9 10 11 Related biology news :1
Contact: Susan Trulove
. Virginia Tech researchers to study poplar tree as model biomass crop2
. Fire ants are emerging nuisance for Virginians3
. Virginia Techs System X supercomputer provides super tool for simulation of cell division4
. Asian Soybean Rust found in Virginia, but not a threat to current crop5
. Virginia Tech chemists create new polymers by adding DNA base pairs6
. Pregnant drivers, football players safer thanks to a top Virginia Tech researcher7
. Virginia Tech student selected to meet Nobel Laureates8
. Virginia study urges early emphasis on science9
. Award supports Virginia Tech research to reduce vehicle emissions, create biofuel10
. Oswaldo Cruz Foundation, Virginia Bioinformatics Institute sign agreement...11
. Virginia Bioinformatics Institute to develop Tomato Metabolite Database