University of Illinois System
Announcement of a Concession Award
Vendor: Multiple Licensees, Chicago, IL
Amount: An estimated $12,498,372
Terms: One-time transaction
The University award process may be delayed up to thirty days as this award goes through a state approval process.
First published Thursday, August 18, 2011
The University awarded a contract for Multiple Intellectual Property Licenses.
The University of Illinois at Chicago (UIC) issued 44 intellectual property licenses for the period of July 1, 2010 through June 30, 2011. During the same period, $12,498,372 in intellectual property royalties were received from all UIC licenses and options executed.
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The State of Illinois has a policy to encourage prospective vendors to hire
qualified veterans, minorities, females, persons with disabilities and ex-offenders.