210 Pittsboro Street, Campus Box 6210
Chapel Hill, NC 27599-6210
(919) 962-2091 FAX: (919) 962-2279
|For immediate use||
Nov. 17, 2000 -- No. 619
Procter & Gamble to donate large technology gift, intellectual property to university
Mayes Telecommunications Center, 231 Rosenau Hall
University of North Carolina at Chapel Hill School of Public Health
Consumer products company Procter & Gamble will announce a potentially lucrative donation of the rights to more than 35 patents and pending patents and related intellectual property. The university will receive all future revenue from the donated technology.
In 1999, P&G began opening its vault of more than 27,000 patents as part of a strategic initiative to leverage the value of these innovations through donation, sale, out-licensing or joint venture agreements.
At the announcement ceremony:
•UNC-CH Chancellor James Moeser will give introductory remarks.
•Paul Polman, president of Global Fabric Care at P&G, will address the value of corporate and academic partnerships and the potential created by leveraging P&G technologies in new ways. He will explain a proprietary P&G technology and announce the donation of the technology to UNC-CH. As a part of this partnership, university researchers will develop and commercialize the technology.
•Mark Crowell, associate vice chancellor and director of the Office of Technology Development at UNC-CH, will outline the university’s plans in developing and commercializing this intellectual property.
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Note: To arrange interviews or for assistance, contact Speed Hallman (UNC-CH Office of Development) at (919) 962-0027.