Why is it important to encourage university investors to participate in the patenting process and how are they motivated?
Universities make a considerable investment each time they decide to patent an invention. Their resources include the faculty inventor’s time and energy, and the outlay of dollars required by the patent application process. Commitment and support from the faculty is essential for successful technology transfer activities by their institution. Beyond the actual patenting stage, however, the path from an invention to final product or service in the marketplace is usually long and expensive. During this stage, the scientific knowledge of the inventor needs to feed into the process, to assure smooth and continued progress. In addition to royalty income, faculty recognition by peers is important. In some schools the preparation of material to obtain a patent and the successful completion is given weight in the tenure and promotion process. This investment in time and money will not be made without incentives. In fact, the Bayh-Dole Act deliberately grants those incentives, to the inventor a
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