Oct 29 2012
The University of California, Riverside has granted an exclusive license to The Idea Zoo, Inc., to commercialize nanotechnology research developed in the lab of Yadong Yin, an associate professor of chemistry.
Image shows a solution of iron oxide in water changing color under a magnetic field, with increasing field strength from left to right. (Photo credit: Yin Lab, UC Riverside.)
The Idea Zoo, a leading developer and licensor of advanced materials and technologies headquartered in Santa Clara, Calif., was granted exclusive rights to seven patents that cover various aspects of advanced superparamagnetic colloidal nanocrystals (CNCs).
Specifically, the patents focus on magnetically tunable photonic crystals and the ability to commercialize them.
"UCR's Office of Technology Commercialization is excited to have The Idea Zoo as the exclusive licensee of the CNC technology," said Michael Arciero, a senior licensing officer at UCR. "We look forward to working with the company's experienced management team as they further develop this technology to meet the needs of industry."
The Idea Zoo will undertake the development and commercialization of CNCs spanning several industries ranging from high-security applications to commercial applications for on-demand color-changing products. The agreement spans the life of the patents. UCR will receive royalties from products developed from these licensed technologies and will receive equity in The Idea Zoo, Inc.
"This is an exciting development that the Office of Technology Commercialization has made possible," Yin said. "It demonstrates that the research we did on nanostructured materials in the past few years is not only scientifically interesting but also commercially valuable."