Quirky announced it has filed a motion to retain Hilco Streambank as its disposition and sale agent to monetize Quirky’s considerable portfolio of intangible assets.

The assets include active and pending patent applications, U.S and Foreign registered trademarks, the Quirky inventor platform, 130 registered domains – including “Quirky.com”, product inventory and all proprietary software.

The proposed sale is to be conducted pursuant to Section 363 of the Bankruptcy Code in the Chapter 11 case pending in the United States Bankruptcy Court for the Southern District of New York

Quirky was founded by Ben Kaufman in 2009 with the purpose of making invention accessible to everyone. As of September 30, 2015, Quirky’s product line consists of over 240 SKU’s in a variety of industry categories from small appliances to power supply devices and productivity gadgets. In addition, the invention community consists of approximately 1.15MM members.

Quirky was a unique technology incubator that was responsible for the development of a wide array of products including Pivot Power, Cordies and the Broom Groomer. By developing close relationships with retailers and inventors, Quirky earned a reputation of being both creative and business savvy and established itself as a trustworthy partner for inventors looking to bring their products to market.