UM Licenses Augmented Reality Patent to IGYM LLC
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Description
The University of Michigan licensed its augmented reality gaming technology to IGYM L.L.C. The contract includes equity, royalties on product sales, and patent cost reimbursements.
Contract Details
Contract Amount
Equity in IGYM L.L.C.; Royalties on sales; Patent cost reimbursement
Vendor
IGYM LLC
Agency
University of Michigan Board of Regents, MI
Contract Type
LICENSE
Document Date
November 20, 2025
Renewal Info
Agreement can be amended with additional technologies. University has option to purchase further equity.
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