In the high-tech space, universities and industry want to work together, but licensing in this space can be complicated and can result in a high cost of doing business. 15 leading U.S. Universities have come together to launch the University Technology Licensing Program LLC this month. This is the first non-standard essential patent pool of approximately 600 patents and is a creative approach to lowering the barrier to licensing in a space where it has historically been difficult for universities to license. By providing a one-stop shop for companies to access technologies of interest, UTLP is designed to accelerate the pace of innovation in the industrial arena. UTLP and the universities solicited, and received, a favorable business review letter from the U.S Department of Justice. In this session, we will discuss why this pool was formed, the goals of the program, and the challenges that had to be met to bring together 15 universities to form an LLC. The panel will have participants from two of the universities, the law firm representing UTLP and Burford Capital an advisor to UTLP. Additional information can be found at: https://www.utlp.net/ [utlp.net] The announcement was covered by Forbes, Bloomberg, Law360, and TechCrunch.

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