Fox Rothschild’s Intellectual Property Group Provides Critical Services for Start-Ups in DelawareJune 26, 2007
Wilmington, DE – Today, Fox Rothschild LLP announced the involvement of the Intellectual Property practice group with the Delaware Economic Development Office (DEDO) in managing a portfolio of 250 patents, including 27 that have just rolled out.
The selected patents are part of a portfolio donated to the State from DuPont and Hercules as part of Delaware’s IP Business Creation Program. The portfolio consists of patents directed to Agricultural Plant/Seed/Gene Biology, Analytical Methods & Instrument Technology, Biotechnology, Catalytic Technology & Chemical Conversion Processes, Chemistry, Electronic Components – Compositions, Manufacturing, Processes, Engineering, Fabrication & Construction Materials/Composites, Compositions, Industrial Enzymetechnology, Medical Treatment and Separation Processes, Optics/Light Technology, Gas, Liquid & Solid Separation, Specialty Materials & Composition, and Surface Coatings & Finishes.
Gerry Norton, Chair of Fox Rothschild’s Intellectual Property Practice commented, “This is a fantastic opportunity for entrepreneurs to acquire an incredible selection of patents. Often the difference between success and failure is a company’s ability to acquire or license the necessary technology. Given how rich this region is for the investment and entrepreneur communities, we expect great activity and are already seeing it.”
DEDO, through the Emerging Technology Center (ETC), is making the patents and/or proprietary technology available to entrepreneurs through licensing as a stimulus for new business creation and attraction within Delaware.
“Delaware has long been recognized as a leader in creating pro-business opportunities for companies and organizations in Delaware and has attracted companies from around the world, said Rudolph E. Marshall, director of DEDO’s Centers of Excellence. “We are delighted to begin this process and look forward to be able to provide these pro-business opportunities to small and start-up companies as well.”
Fox Rothschild will also be involved with the ETC in providing entrepreneurs access to low-cost consulting services. These legal consultations, as well as other partners helping through the Service Partner Network, will help eliminate entry barriers to market for entrepreneurs in the State by providing access to: intellectual property, early stage pre-venture capital and business resources.
About the Delaware Economic Development Office
DEDO is an office within the Executive Branch of Delaware responsible for attracting new investors and businesses to the state, promoting the expansion of existing industry, assisting small and minority-owned businesses, promoting and developing tourism and creating new and improved employment opportunities for all citizens of the state.