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Transportation equipment industry

yet2.com Revolutionizes Intellectual Property Exchange on the Internet

Strategic Insights

— 1 min read

yet2.com, a Cambridge-based limited liability company, has announced the establishment of a global forum for proprietary technology exchange on the Internet. This innovative platform aims to provide a vast opportunity for users to purchase some of the world's most valuable technologies, streamlining research and development efforts and extracting value from intellectual assets. yet2.com has secured agreements with leading advanced technology corporations, including 3M, AlliedSignal, The Boeing Company, The Dow Chemical Company, DuPont, Ford Motor Company, Honeywell Inc., Polaroid Corporation, The Procter & Gamble Company, and Rockwell. These companies have pledged to provide valuable technologies to be traded on the site. Furthermore, the National Institutes of Health (NIH) has become the first U.S. Government research agency to list its technology portfolio.

Key Takeaways:

  • yet2.com is a global forum for proprietary technology exchange on the Internet, facilitating the purchase and sale of valuable technologies.
  • The platform has secured agreements with leading advanced technology corporations, including 3M, AlliedSignal, and DuPont.
  • These companies have pledged to provide valuable technologies to be traded on the site, totaling a significant portion of the world's most valuable commercial technology.
  • A team of 2.5 million people, including research scientists, technologists, and academics, is expected to be the primary beneficiaries of the site.
  • The site aims to revolutionize the current technology transfer market, which is estimated to be at a minimum of $10 billion and growing rapidly.
  • The platform provides an opportunity for holders of intellectual property to maximize value from currently held technology and proprietary knowledge.
  • yet2.com has established strategic partnerships with Andersen Consulting and Aurigin Systems, Inc., to help build and deliver the business capability it needs to thrive.
  • Sun Microsystems has been named as the technology platform provider.

Statistics:

  • 2.5 million people are estimated to be the primary beneficiaries of the yet2.com platform.
  • The technology transfer market is estimated to be at a minimum of $10 billion and growing rapidly.
  • yet2.com plans to announce its European and Asian founding partners in the months to come.
  • The platform aims to establish a new precedent by making available some of the most valuable commercial technology ever created, using the Internet to promote and facilitate access.

Sources:

  • Business Wire, "yet2.com Announces Global Internet Exchange for Proprietary Technology" (1999)
  • yet2.com Founding Partner Media Contact List
  • "yet2.com Revolutionizes Intellectual Property Exchange on the Internet" (Business Wire, 1999)

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