Virginia Tech benefits from sale of Wireless Valley to Motorola
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Date
2006-03-06
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Virginia Tech. University Relations
Abstract
When the small company, Wireless Valley Communications Inc., was launched in Blacksburg, Va., in 1995 based on a dozen inventions by Virginia Tech faculty members and students, Virginia Tech Intellectual Properties Inc. (VTIP) licensed the inventions to the company and asked for 1 percent share of the company instead of royalties.
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