Technion sells nanotechnology patents for $4m, royalties

The Technion Research and Development Foundation and the researchers received an option to convert their royalties into share rights in the US company buying the patents.

The Technion Research and Development Foundation has sold the right to use three patents developed by its researchers to well known US company Integrated Nano-Technologies. The deal includes a $4 million cash payment and royalties on future sales.

The Technion and its researchers also received an option to convert their royalties into share rights in the US company. The patents are for a method of manufacturing electrical circuits, based on DNA molecules. The researchers are Prof. Uri Sivan, Dr. Yoav Eichen, and technician Gedalia Ben Yosef.

Technion Research and Development Foundation managing director Prof. Zvi Kohavi described the deal as the first of its kind for the Technion in the nanotechnology field.

Integrated Nano-Technologies will develop products, based of the patents, and has permission to grant development licenses and develop additional applications.

Published by Globes [online] - www.globes.co.il - on January 20, 2003

5 Comments
View comments in rows
Update by email about comments talkback
POST
Comments
Your name
Please insert your name
Content
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

Thanks
You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס