Difference between revisions of "Intellectual Property Exchange International, Inc."

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The Chicago-based Intellectual Property Exchange (IPXI) is the world’s first financial exchange for licensing and trading intellectual property.<ref>{{cite web|url=http://video.cnbc.com/gallery/?video=3000062181|name=IPXI: Trading Patents in 2012|org=CNBC|date=March 23, 2012}}</ref> The exchange expects launch its first [[trading]] products in 2012. The exchange facilitates non-exclusive licensing and trading of IP rights using market-based pricing and standardized terms.
 
The Chicago-based Intellectual Property Exchange (IPXI) is the world’s first financial exchange for licensing and trading intellectual property.<ref>{{cite web|url=http://video.cnbc.com/gallery/?video=3000062181|name=IPXI: Trading Patents in 2012|org=CNBC|date=March 23, 2012}}</ref> The exchange expects launch its first [[trading]] products in 2012. The exchange facilitates non-exclusive licensing and trading of IP rights using market-based pricing and standardized terms.
  
The IPXI marketplace is designed to allow owners of IP to monetize their IP [[asset]]s more efficiently and give them access to [[risk management]] tools to [[hedge]] their [[exposure]]. On the [[buy-side]], it will give [[investor]]s access to new [[trading]], [[investment]], and [[arbitrage]] opportunities.<ref>{{cite web|url=http://www.ipxi.com/home|name=IPXI|org=IPX International|date=December 13, 2011}}</ref>
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The IPXI marketplace is designed to allow owners of IP to monetize their IP [[asset]]s more efficiently and give them access to [[risk management]] tools to [[hedge]] their [[exposure]]. On the [[buy-side]], it will give [[investor]]s access to new [[trading]], [[investment]], and [[arbitrage]] opportunities.<ref>{{cite web|url=http://www.ipxi.com/home|name=IPXI|org=IPX International|date=December 13, 2011}}</ref> IPXI identifies, evaluates and executes IP licensing transactions through its Unit License Right (ULR) model. Through a proprietary electronic trading platform, members can purchase and trade IP rights in the form of ULRs. IPXI’s membership includes some of the world’s leading innovative companies with significant IP assets representing a variety of technology markets, top university research institutions and national laboratories.
  
IPXI was created by [[Ocean Tomo]] LLC. IPXI aims to meet the [[transaction]] and data needs of the IP marketplace including issuers, investors, [[trader]]s, [[market maker]]s, and brokers. According to early IPXI press releases, the IP market has a value of $9.2 trillion in the United States alone.
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IPXI was created by [[Ocean Tomo]] LLC.  
  
 
In December 2011, IPXI announced that it had secured $10 million in funding from a group of investors, including the [[Chicago Board Options Exchange]] (CBOE) and [[Royal Philips Electronics]] (Philips). The five founding members - who have pledged to trade at least one [[Unit Licence Rights]] (ULR) contract on the exchange - are Philips; [[Com-Pac International]], the packaging group, as well as Rutgers University, Northwestern University and the University of Utah.<ref>{{cite web|url=http://www.ft.com/intl/cms/s/0/731e578c-24ba-11e1-ac4b-00144feabdc0.html#axzz1gQuC09Rn|name=CBOE backs new intellectual property bourse|org=Financial Times|date=December 13, 2011}}</ref>
 
In December 2011, IPXI announced that it had secured $10 million in funding from a group of investors, including the [[Chicago Board Options Exchange]] (CBOE) and [[Royal Philips Electronics]] (Philips). The five founding members - who have pledged to trade at least one [[Unit Licence Rights]] (ULR) contract on the exchange - are Philips; [[Com-Pac International]], the packaging group, as well as Rutgers University, Northwestern University and the University of Utah.<ref>{{cite web|url=http://www.ft.com/intl/cms/s/0/731e578c-24ba-11e1-ac4b-00144feabdc0.html#axzz1gQuC09Rn|name=CBOE backs new intellectual property bourse|org=Financial Times|date=December 13, 2011}}</ref>
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As of February 2013, IPXI has 46 members.  Among these members are IPXI’s 20 Founding Members, including Ford Global Technologies, LLC; J.P. Morgan Chase & Co.; Philips Intellectual Properties & Standards; Sony Corporation of America, and Hewlett-Packard Company. These founding members have committed to sponsor offerings on the exchange with an aggregate target market value of more than $750 million.
  
 
== IPXI Products ==
 
== IPXI Products ==

Revision as of 04:09, 19 February 2013

Intellectual Property Exchange International
Ipxi logo.gif
Founded 2007
Headquarters Chicago
Key People Gerard Pannekoek, CEO
James E. Malackowski, Co-Chairman
Products Unit License Right (ULR) contracts
Website www.ipxi.com

The Chicago-based Intellectual Property Exchange (IPXI) is the world’s first financial exchange for licensing and trading intellectual property.[1] The exchange expects launch its first trading products in 2012. The exchange facilitates non-exclusive licensing and trading of IP rights using market-based pricing and standardized terms.

The IPXI marketplace is designed to allow owners of IP to monetize their IP assets more efficiently and give them access to risk management tools to hedge their exposure. On the buy-side, it will give investors access to new trading, investment, and arbitrage opportunities.[2] IPXI identifies, evaluates and executes IP licensing transactions through its Unit License Right (ULR) model. Through a proprietary electronic trading platform, members can purchase and trade IP rights in the form of ULRs. IPXI’s membership includes some of the world’s leading innovative companies with significant IP assets representing a variety of technology markets, top university research institutions and national laboratories.

IPXI was created by Ocean Tomo LLC.

In December 2011, IPXI announced that it had secured $10 million in funding from a group of investors, including the Chicago Board Options Exchange (CBOE) and Royal Philips Electronics (Philips). The five founding members - who have pledged to trade at least one Unit Licence Rights (ULR) contract on the exchange - are Philips; Com-Pac International, the packaging group, as well as Rutgers University, Northwestern University and the University of Utah.[3]

As of February 2013, IPXI has 46 members. Among these members are IPXI’s 20 Founding Members, including Ford Global Technologies, LLC; J.P. Morgan Chase & Co.; Philips Intellectual Properties & Standards; Sony Corporation of America, and Hewlett-Packard Company. These founding members have committed to sponsor offerings on the exchange with an aggregate target market value of more than $750 million.

IPXI Products

Unit License Right (ULR) Contract

Through the ULR contract model, IPXI’s objective is to build an exchange that operates under two core principles that do not exist in traditional bi-lateral licensing: transparency and efficiency. The process starts with legal analysis designed to give the marketplace confidence in the quality of all patent rights listed as ULR contracts. Then IPXI undertakes the licensing process in a manner similar to a public equity offering for a corporation by utilizing detailed offering memorandums, road shows and potential buyer one-on-one meetings.

Once an initial offering has been priced, IPXI manages the primary issuance of ULR contracts. IP also maintains a secondary market which provides ULR contract purchasers and sellers an opportunity to realize liquidity through resale and trading. The secondary market also increases the primary market demand for ULR contracts as they become investment products, thereby maximizing revenues to the ULR contract sponsor. As demand requires, IPXI will issue follow-on primary market offerings of ULR contracts.

Finally, a rules-based approach to directed enforcement allows ULR contract sponsors to passively enforce IP rights with different choices to fund litigation, including either self-funded enforcement, IP insurance or third-party funded enforcement.

History

IPXI was founded by Ocean Tomo. The development of the exchange began with support from the State of Illinois in 2006. Two public town-hall meetings with several hundred corporate IP owners, inventors and other market participants were held. Fourteen national and international corporate and university IP managers attended the initial Rulebook meeting in March 2010. Beyond these formalized meetings, hundreds of IP ecosystem participants have contributed to the development of the exchange and the initial product, the ULR contract.

Key People

References

  1. IPXI: Trading Patents in 2012. CNBC.
  2. IPXI. IPX International.
  3. CBOE backs new intellectual property bourse. Financial Times.