IP Auctions GmbH presented the Intellectual Property Auction - an international live-auction for patens, licences and trademarks - on 14th and 15th May 2007 in Munich. IP Auctions is an independent member of a network of companies that specializes in patent evaluation, patent monetization and patent management within the following technology sectors: nanotechnology, mechanical engineering, consumer electronics, automotive, life science, medical science, pharma/biotech and "green" technologies.
IP Auctions' objective is to commercialise first-class IP rights via auction.
IP Auctions' sister company, IP Bewertungs AG (IPB), supports these auctions by ensuring that formal requirements for all submitted patents are met.