$50,000 Invention Competition Winners The Intellectual Ventures/Caltech 50k Invention competition has wrapped up. Here are the winners: 1st Prize - $35,000 Casey Glick MicroRheotronic Universal Logic Gate 2nd Prize - $10,000 Daniel Erenrich Client-Side Video CAPTCHA Using Invertible Transforms 3rd Prize - $5,000 Tamas Szalay Multi-Touch and Eye Tracking for Human Computer Interfacing 4th Prize - $1,000 J. Cole Hershkowitz Plug and Power - Smart Microgrid Technology

The Caltech Office of Technology Transfer (OTT) is responsible for the licensing and the transfer of technologies from Campus and JPL to the commercial sector. OTT protects and manages the intellectual property developed by faculty members, students, other researchers, and JPL technologists. Although the office was created relatively recently (1995) Caltech has a long tradition of protecting its inventions and has received over 1800 U.S. patents since 1980. Caltech receives more invention disclosures per faculty member than any other university in the nation. In the last 10 years licensing efforts have resulted in 40 to 50 patent licenses per year and OTT fosters start-up companies at a rate of about 8 per year; a very high number in view of the small size of the university.

Learn more about OTT in our downloadable brochure.