The lot brought in an initial $50,000 to NASA and $5,000 for a Chicago-based intellectual property services firm called Ocean Tomo, which arranged the live auction. Two other groups of NASA-owned patents did not sell, but the auction drew wide publicity for the government's offerings. "Based in interest generated during Ocean Tomo marketing of the event and discussions following, we expect one or both of the other lots to go after the auction as well," Mitchell said. Other technical agencies besides NASA have been monitoring the program with an eye toward auctioning off some of their own intellectual property rights. "By being the first federal agency to participate in a live, public auction of exclusive patent licenses and demonstrating success, NASA has blazed a trail for others," Ocean Tomo director Connie Chang said in a statement. "We are thrilled with this outcome and look forward to helping others in the government accelerate innovation and contribute to our nation's economic prosperity." The name of the winning bidder has not yet been released. Federal regulations stipulate that the winning firm have at least 51 percent of its business based in the United States. Related Links: Innovative Partnerships Programs office at the Goddard Space Flight Center |
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