Xerox's PARC wants to help you create the next Ethernet -- or whatever it is you want to build

PARC, a Xerox company, is formalizing the process through which it works with young companies and entrepreneurs in an effort to help them be successful while also enriching itself. The Startup@PARC program gives entrepreneurs access to PARC's scientific minds and intellectual property in exchange for cash, royalties, equity compensation or some combo of that.

PARC has already worked with numerous small companies to help get them going on to bigger things. Powerset , a new search engine company, is among its current partners.

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