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The site would include an alert system, so someone looking for something specific doesn't have to keep checking but can be notified when data is added he or she might be interested in.
Ian Mc Clure, director of IPXI, said Auto Harvest has created a niche for earlier-stage tech collaboration and will create a funnel to IPXI as the technology advances.
"For every R&D stage, there's a need; companies are asking, 'Do I spend R&D on developing this technology or look for what's already out there? IPXI launched its first licensing deal recently, involving 600 patents associated with organic light-emitting diode technologies for display screens from Koninklijke Philips N. The licenses are being sold as five square meters of OLED panels per license, which is enough for 700 smartphones, Mc Clure said.
"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.
The for-profit exchange performs due diligence, negotiates legal documents creates a public offering-like pricing for licensing mature technology.
When the Tech Town-based 501(c)(3) nonprofit was announced in August 2011, co-founder and CEO Jayson Pankin, who previously spent seven years helping Delphi Corp.
commercialize its intellectual property and spin off for-profit companies, hoped to go from an alpha version to beta version to final version of the technology clearinghouse's website by the end of 2012.
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Members are asked to pay fees voluntarily, Pankin said, and the organization hasn't determined a tiered-fee structure. provided ,000 to Auto Harvest in 2011 to develop the concept of online collaboration for advanced manufacturing.
The New Economy Initiative for Southeast Michigan provided 5,000 in funding divided between two grants in 20.
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