Auctionomics has been awarded an SBIR (Small Business Innovative Research) from the National Science Foundation grant to develop the technology of using budgets in multi-product auctions.

Paul Milgrom is sold on auction technology. Now he’s just got to sell it to the rest of the world. The long-time Stanford economics professor and acclaimed auction design guru is taking leave from the university to concentrate full-time on Auctionomics, the company he co-founded this year. Palo Alto-based Auctionomics designs auction software based on…