AkzoNobel And Intellectual Ventures Collaborate On R&D

From a press release circulated by Intellectual Ventures yesterday:

Akzo Nobel N.V. (AkzoNobel) and Intellectual Ventures (IV®) announced today that they have entered into a joint collaboration agreement to develop new technologies for the paint and coatings industry.

The collaboration provides AkzoNobel with access to technologies from IV’s portfolio of chemistry and materials science inventions. Under the terms of the agreement, IV will work with its network of more than 3,000 inventors – including individual inventors and inventors from government labs, research institutions, corporations and universities – to invent new technologies that can then be used by AkzoNobel to enhance its competitive position. AkzoNobel may select technologies for further development and testing, potentially leading to commercialization in new and existing products.