Landmark Law Helped Universities Lead the Way
Tuesday, Dec. 12, marked the 37th anniversary of the
, which fundamentally changed the nation's system of technology transfer by enabling universities to retain title to inventions and take the lead in patenting and licensing groundbreaking discoveries. The Bayh-Dole Act created a uniform patent policy among the many federal agencies that fund research, enabling small businesses and non-profit organizations, including universities, to retain title to inventions made under federally-funded research programs. The law was especially instrumental in encouraging universities to participate in technology transfer activities.
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