IP commercialisation agreement with Princeton

RNS Number : 3680E

IP Group PLC

09 April 2014

 

FOR RELEASE ON

09 April 2014

IP Group agrees pilot IP commercialisation collaboration with Princeton University

IP Group plc (LSE: IPO) ("IP Group" or "the Company" or "the Group"), the developer of intellectual property based businesses, is delighted to announce that it has signed an IP commercialisation agreement with Princeton University ("Princeton" or "the University").

The collaboration, which has an initial pilot phase of 18 months, will focus on developing early-stage, proof of principle opportunities based on intellectual property developed at Princeton. The agreement covers all materials and clean technology, all life, medical and human sciences and information technology as well as electronics, communications and robotics.

"We are excited to be one of the first US universities to partner with IP Group," John F. Ritter, Director of Princeton's Office of Technology Licensing said. "The collaboration will increase the potential for great companies to emerge from the innovative research at Princeton."

For more information, please contact:

IP Group plc	www.ipgroupplc.com
Alan Aubrey, Chief Executive Officer	[phone]
Liz Vaughan-Adams, Communications	[phone] / [phone] [e-mail]
FTI Consulting (for IP Group)
John Dineen	[phone]
Princeton	www.princeton.edu
Martin Mbugua, Director of Media Relations & University Spokesperson	[phone]
John F. Ritter, Director, Office of Technology Licensing	[e-mail]

Notes for editors

About IP Group

IP Group is a leading UK intellectual property ("IP") commercialisation company, developing technology innovations primarily from its research intensive partner universities. The Group offers more than traditional venture capital, providing its companies with access to business building expertise, networks, recruitment and business support.

The Company's portfolio comprises holdings in over 90 companies including Oxford Nanopore Technologies, the DNA sequencing development company, Revolymer, best known for its removable chewing gum and Xeros, which has received many accolades for its revolutionary clothes washing techniques with a much reduced requirement for water.

The portfolio includes early stage to mature businesses and has exposure to five main sectors - Energy & Renewables, Healthcare, Biotech, IT & Communications and Chemicals & Materials.

For more information, please visit our website at www.ipgroupplc.com.

About Princeton

Princeton Universityis a private Ivy League research university in Princeton, New Jersey, United States. Founded in 1746 in Elizabeth as the College of New Jersey, Princeton is one of the nine Colonial Colleges established before the American Revolution as well as the fourth chartered institution of higher education in the American colonies. Princeton has been associated with 35 Nobel laureates, 17 National Medal of Science winners, 2 Abel Prize winners, 5 Fields Medalists, and 3 National Humanities Medal recipients.

About Princeton's Office of Technology Licensing

Princeton University's Office of Technology Licensing facilitates the transformation of scientific and technological discoveries into products and services for societal benefit in a manner consistent with the University's emphasis on preeminent research, education, and dedication to public service. In fiscal year 2013, the OTL worked with 277 student, staff and faculty inventors.

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