The foundation also received 0,000 from the Flint-based C. Mott Foundation to help launch operations and begin building a rudimentary alpha version of a website.Pledging support, and in some cases cash, at the time of launch were more than 60 organizations, including Ford; Chrysler Group LLC; General Motors; Ohio State University; Kettering University; Visteon Corp.; Delphi; 3M Corp.; TARDEC; Sandia National Laboratories in Albuquerque, N.
Pankin said one advantage of being a nonprofit is that companies like IPXI aren't seen as the enemy. Completely different than your average dating site, try Gay Speed Dating the web's top speed dating Michigan gay site that let's you meet members online before going to an avent.If there's interest, the parties can make arrangements for further discussion.Pankin said it's designed to be an e Bay for technology licensing. At least one new spinoff company says it owes its existence, and its first federal research grant, to a successful search on the Auto Harvest website of available technologies.His co-founder and Auto Harvest chairman is David Cole, former chairman of the Ann Arbor-based Center for Automotive Research. But they do their formal deal-making off the website." "Early on, we weren't sure you'd get the level of engagement you'd need from an online site, but we felt that what they were doing in the ecosystem was important enough to fund," said Pam Lewis, senior program manager for the New Economy Initiative for Southeast Michigan, which granted Auto Harvest 5,000 in 2012 and 0,000 last year."We're pleased with their user interaction, with their number of users and members," she said, adding that Auto Harvest won't be a success as a website. accelerate in-person interactions."Profit or not Auto Harvest is limited in its ability to raise funds like a traditional startup, which would seek investors, but operating as a nonprofit is the only way to get the region's automotive industry to buy into the concept, Pankin said.
It is hard for Pankin to track successful matchups between companies that have technology and those seeking it. Steven Crumb, executive director of automotive open-source software nonprofit Genivi Alliance, said operating as a nonprofit fuels cooperation for Genivi and others, like Auto Harvest.
Sadowski said patent brokerage firms, such as Los Altos, Calif.-based IP Venture Inc., have stomped out smaller IP deals by only looking for home runs.
"In the beginning, firms like IP Venture covered the spectrum of all deals; now they are only looking at patent portfolios in the hundreds of millions of dollars," Sadowski said.
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"If Auto Harvest can carve a niche for smaller companies looking to sell two or three patents, they are definitely going to fill a need." One member of Auto Harvest's Innovation Hub is a competitor, Chicago-based Intellectual Property Exchange International Inc., or IPXI, which acts as a financial exchange for licensing and trading IP rights.