IAT has signed an exclusive licensing agreement with the University of Iowa Research Foundation (UIRF) for the technology behind the noddle™.
“We are creating a new culture of innovation and entrepreneurship at the university to spur economic growth by strengthening the knowledge economy in Iowa,” said David Conrad, UI Assistant Vice President for Economic Development. “IAT is a perfect example of the type of innovative company that can start and grow here.”
Conrad said the exclusive license provides the company the sole ability to bring the technology to market during the life of the patents, an exclusivity that helps attract additional investment. The UIRF executed 32 options and licenses in FY2014, a 10 percent increase over the previous year.
Please visit the UI Research and Economic Development News for the full press release.
Coverage by Des Moines Register: http://www.desmoinesregister.com/story/tech/2015/01/07/iowa-adaptive-technologies-university-iowa-license-agreement/21398505/