University of Illinois System
Announcement of a Concession Award
Vendor: Multiple Licensees, Urbana, IL
Amount: An estimated $6,281,394
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 Urbana-Champaign (UIUC) issued 55 intellectual property licenses for the period of July 1, 2010 through June 30, 2011. During the same period, $6,281,394 in intellectual property royalties were received from all UIUC 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.