Taipei Tech’s Invention To Be Introduced to the World by MOU Signed with IV

On March 15, 2016, National Taipei University of Technology (“Taipei Tech”) signed the MOU of academia-industry collaboration with the world’s largest IP company, Intellectual Ventures (“IV”) that owns most patents around the world as IV’s first partner in Taiwan.  With the MOU, the success rate of technology transfer of Taipei Tech’s R&D results will increase for successfully launching their inventions into the international market. 

The president of Taipei Tech indicated that Taipei Tech has invested TWD1 billion and brought out around one hundred patents every year, but only 20~30% of these patents have been successfully transferred with only TWD50 million as royalty involved every year.  The reason of such low success rate of technology transfer is that Taiwan market is too small and Taiwanese inventions do not have sufficient patent protection and mapping. 

The president expects for a more than 40% technology transfer and also more than TWD100 million royalty every year as a result of Taipei Tech’s partnering with IV.  Reaching out from Taiwan market, Taipei Tech will be able to work with IV’s 400 units or departments for every invention, which will form stronger patent protection for their inventions and their inventors’ rights will be more sufficiently secured.  Also, technology transfer will be more possibly fulfilled. 

IV has been collaborating with more than 400 academic institutions and units, including Stanford University, and holding more than 70,000 IP assets in the US and around the world and 40,000 of them are profitable.  Murray Vince, the senior director of IV, indicates that IV thinks highly of Taipei Tech’s R&D energy and will assist Taipei Tech in IP strategies and technology transfer.  (March 2016)
/CCS