To facilitate innovation development, Sandia National Laboratories is building a portfolio of intellectual property (IP) that businesses can license in as little as an hour. The ready-to-sign licenses feature simplified language and pared-down terms, conditions and reporting requirements. Up-front fees are in the $3,000 range, and royalty percentages are low.
Sandia has approximately 1,300 patents available for licensing, and while large companies often take advantage of this IP, small firms often do not have the human or financial resources to seize the opportunity. The new license procedure enables entrepreneurs to click on one link and download all of the information they need. The licenses are nonexclusive, so any number of companies can make use of the technology.
“These are all technologies that no one has licensed in areas where small businesses might be able to get a foothold,” Bob Westervelt, business development specialist, Sandia, says. “A small company could take any of these licenses and run with it.” Currently, eight patents qualify for the program, but Sandia officials say the portfolio could reach up to 50. Additional information about Sandia technology transfer opportunities is available online.