IPXI said it would issue its first Unit License Right (ULR) contract offerings this year so private licensing of technology can be more easily traded.

The Intellectual Property Exchange International (IPXI) has been launched after nearly five years preparation after gaining $10m in funding from corporations and universities, including Nasdaq-listed CBOE, parent of the Chicago Board Options Exchange, and Anglo-Dutch company Royal Philips Electronics.

IPXI said it would issue its first Unit License Right (ULR) contract offerings this year so private licensing of technology can be more easily traded.

Each ULR Contract purchased gives the buyer the right to use the intellectual property (IP) offered for a pre-established number of instances in the manufacturing and/or sale of a product or service. The exchange then allows prices to be market-based and a secondary market to form so investors can speculate on the value of technology before it comes to fruition.

Gerard Pannekoek, executive president of IPXI, said: "The initial commitments from ULR contract issuers have an aggregate targeted market value in excess of $250m…

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