Florida Institute and IP TechEx Form Strategic Alliance

Gainesville, Tampa and Boca Raton, FL – June 26, 2015 - The Florida Institute for the Commercialization of Public Research (the Institute) announced today that it has entered a strategic alliance agreement with IP Technology Exchange, Inc. (IP TechEx) a worldwide leader in open innovation and technology services. The Institute supports new company creation based on publicly-funded research across the state, and bridges early funding gaps for companies spinning out of universities and research institutions.

The alliance is designed to, on a selective basis, increase collaborative business opportunities for each entity, as well as for the companies they each support. IP TechEx will leverage its vast academic and corporate networks and business and intellectual property services platform to help companies analyze market trends, capitalize on IP white space opportunities and identify potential sources of capital and other partnership opportunities, while the Institute will introduce IP TechEx to portfolio companies who may benefit from the tools and service offerings that the company provides.

“Through its networks, IP TechEx has access to scouting experts, partner sourcing, licensing expertise, and leading online marketplaces to help companies with their in-licensing and out-licensing needs,” said Joel Edelson, Director of IP Licensing at IP TechEx. “We help companies identify and connect with the resources they need to bring their ideas to market, and we look forward to working with the Institute to support promising innovation-based Florida businesses.”

“IP TechEx is an innovative company offering a variety of services and tools that we believe could be of great value to the companies we support,” said Jamie Grooms, CEO of the Institute. “Through this alliance, the Institute will begin to offer enhanced services to our growing portfolio of companies, providing them with access to investor networks and other resources that are critical to their long term growth and success.”

About the Florida Institute

Formed by the Florida Legislature in 2007, the Florida Institute for the Commercialization of Public Research is a non-profit organization that works collaboratively with the technology licensing and commercialization offices of Florida's state universities and private research institutions to leverage a $2B+ research base and form investable companies that create clean jobs in new industries that are driving the global economy. Over 100 new company projects have been identified across the state, and the Institute deploys company building and funding programs to promising Florida startups. Thirty-nine companies have been funded since the program's inception.

About IP TechEx

IP Technology Exchange, Inc., (IP TechEx) provides expansive networks, scouting experts, partner sourcing, licensing experience, and leading online marketplaces to help you with your in-licensing and out-licensing needs. Whether partnering or licensing, clients need to explore the broadest and most relevant communities to identify needs, fulfill technology demands, and take technology development forward and into the market. Their Technology Transfer Services include Technology Scouting and Partner Search.


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