Midwest Intellectual Property Management Institute

About the IP Institute

The Midwest Intellectual Property Management Institute – or “IP Institute” – is a non-profit organization creating high-quality employment in the Midwest by identifying and developing underutilized intellectual property, primarily in the form of market-proven patents, and focusing the talent of the region’s world-class retirees on business growth and success.

The IP Institute’s efforts go beyond traditional attraction-and-retention strategies. Guided by the principles of technology-based economic development, the IP Institute’s activities center on leveraging the region’s “placed-based” intellectual, technological and natural assets to create (more…)

IP Development

Any business with dynamic growth potential is built around a unique product or process that gives the business a proprietary advantage in the market.

Many mid-size to large corporations in the Midwest hold market-proven patents with the potential to serve as the core around which high-growth companies can be built.

Following a proven evaluation and commercialization model, the IP Institute evaluates these underutilized patents for their commercial potential and assists in the licensed transfer of these technologies either to existing (more…)

Talent

Talented people are one of the primary drivers of economic activity. However, as the U.S. workforce ages, increasing numbers of our most experienced professionals are moving into retirement and taking their expertise with them, posing a serious challenge to Midwest businesses: how to find the specialized talent needed to bring new products or processes to market, improve manufacturing efficiency, and increase sales and growth.

IPI Talent helps fill that need through the ReACT^TM program – Retiree Access for Critical Talent – a program that makes the services of highly skilled retired professionals available to Midwest businesses to help them (more…)

Technology-Based Economic Development

Traditional economic development efforts typically center on an “attraction and retention” formula. Economic developers present a community’s assets – primarily labor, buildings and infrastructure – in a way they hope will be a good match with a prospective employer’s requirements for a new facility. The decision often comes down to a package of incentives, primarily tax breaks and subsidies.

Technology-based economic development (T-BED) is different. The approach recognizes that in order to compete on a global basis a region must  (more…)