Iowa State University and the University of Iowa on Thursday announced a new research sponsorship option that will allow businesses to negotiate exclusive licenses to breakthroughs that grow out of their partnership with universities.

The option is designed to increase partnerships between the state universities and private industry. A traditional barrier to collaboration has been licensing agreements that universities use, but the sponsored funding option will allow companies to pre-negotiate a license at fixed rates to any inventions arising from the project the company sponsors.

For more information, click here for Iowa State, and here for Iowa.