An independent, nonprofit organization is now in place, with the sole mission of supporting research, discovery, innovation and commercialization at the University of Nevada, Reno. The Nevada Research and Innovation Corporation has the capability of holding equity and can expedite commercialization of research discoveries and intellectual property. “Many of this country’s most notable research universities have nonprofit corporations or foundations of this type,” Ellen Purpus, the University’s assistant vice president for enterprise and innovation who guided development of NVRIC, said. “It is a model that has proven to be successful for researchers and entrepreneurs, the universities and regional economies.”
Intellectual property (IP) is where thoughts and ideas meet the material world and is commonly defined as any work or invention that’s come about as the result of creativity. A strength to the business that owns it, IP is considered an asset in bankruptcy proceedings, can be sold or lost and needs to be protected by the company that owns the property.
The CUBE at Midtown is pleased to present United States Patent and Trade Office (USPTO) Director John Cabeca to talk with northern Nevada’s entrepreneurial and inventor communities. As the Director of the Silicon Valley USPTO, John carries out the strategic direction of the Under Secretary of Commerce for Intellectual Property and Director of the USPTO, and is responsible for establishing and leading the Silicon Valley satellite office.