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NASA patent sold at Ocean Tomo Fall auction

Eileen McDermott, Chicago

A NASA patent portfolio was sold for $50,000 at the Ocean Tomo Fall 2008 Auction in Chicago last Thursday, marking the US federal government’s first foray into the realm of patent auctions

"The federal government has one of the largest collections of innovation being kept in a warehouse essentially, and they also have a mandate to commercialise it," said Jim Malackowski, president and CEO of Ocean Tomo.

Malackowski added that, although the...

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