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Rutgers teams with Seattle venture fund, Intellectual Ventures, to commercialize new technology

Taking new technology from the lab to the marketplace often calls for a bit of business savvy and a friend with deep pockets. Pursuing that goal put Dipanjan Nag, executive director of the office of technology commercialization at Rutgers University http://www.rutgers.edu/ , on a plane to Seattle on Monday to meet with the principals of Intellectual Ventures http://www.intellectualventures.com/Home.aspx , a $5.5 billion venture fund.

Nag said the university and Intellectual Ventures partnered to create The Rutgers IP Development Fund http://otc.rutgers.edu/ to provide funds and expertise for advancing innovations to the market. Intellectual Ventures specializes in early-stage intellectual property, Nag said, and was started by Nathan Myhrvold, former chief strategist and chief technology officer with Microsoft Corp.

The partnership wants to see new ideas in such areas as alternative energy and the Web, Nag said. "Research related to cutting-edge networking solutions are of great interest to both Rutgers and Intellectual Ventures," he said.

By João-Pierre Ruth

Full Story: http://www.njbiz.com/article-multiple/84853-rutgers-teams-with-seattle-venture-fund-to-commercialize-new-technology

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