Ottawa sets up intellectual property marketplace, picks IP advocates to run patent collective

Innovation Minister Navdeep Bains launched ExploreIP, which firms can use to find and license government and academic intellectual property (IP), on Thursday. He also announced $200,000 in grants to four law faculties to subsidize legal advice for businesses. And, the Innovation Asset Collective, a new non-profit, will receive $30 million for a four-year pilot to acquire clean technology patents, which it will license to small- and medium-sized businesses. The organization’s directors include Jim Hinton, a patent lawyer; Peter Cowan, an IT consultant; Chris Wormald, a former BlackBerry executive. (Globe and Mail)

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