How has the Act influenced university technology transfer over the last decade and what are the results?
Bayh-Dole gave universities control of their inventions. By placing few restrictions on the universities’ licensing activities, Congress left the success or failure of patent licensing up to the institutions themselves. That foresight has been rewarded by skillful and committed university professionals who have shown that licensing embryonic inventions can be successful. The keys are inventors motivated to engage in the process and a licensing relationship built on partnerships with industry. This model is now emulated by the federal laboratories. The success of Bayh-Dole in expediting the commercialization of federally funded university patents is reflected in the statistics. Prior to 1981, fewer than 250 patents were issued to universities per year. Slightly over a decade later, almost 1,600 were issued each year. Of those, nearly 80% stemmed from federally funded research. In addition, the number of universities participating in the patenting effort has increased to the point that i
Related Questions
- What is the National Technology Transfer and Advancement Act, and what is the role of NIST with regard to The Act?
- How has the Act influenced university technology transfer over the last decade and what are the results?
- What is the Bayh-Dole Act, what prompted it, and why is it important to university technology transfer?
