What is the Federal Governments view of tech. transfer?
From the national perspective, technology transfer is enabled under the Bayh-Dole Act of 1980 that provides institutional recipients of federal R&D funds the right to retain ownership of their patents and charges them with the responsibility to ensure commercial use of inventions created with federal financial support. The underlying tenet of the Bayh-Dole Act is that federally funded inventions should be licensed for commercial development in the public interest. Both nationally and regionally, this activity is increasingly regarded as an important driver of economic growth.
