2002
DOI: 10.1038/nn932
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Patenting basic research: myths and realities

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“…The Bayh-Dole Act also allowed universities and inventors to receive royalties from commercialized technology/services [1][4]. Prior to the Bayh-Dole Act, the United States government owned and managed intellectual property developed at academic institutions as the result of federal funds, and because of this arrangement, patent protection and licensing of technology was rarely pursued [1], [2]. As the result of advancements in academic- and industry-based research and changes in policies at the federal and institutional levels, academic institutions have become significant contributors to research commercialization via obtaining patents, licensing intellectual property, and forming start-up companies [5].…”
Section: Introductionmentioning
confidence: 99%
“…The Bayh-Dole Act also allowed universities and inventors to receive royalties from commercialized technology/services [1][4]. Prior to the Bayh-Dole Act, the United States government owned and managed intellectual property developed at academic institutions as the result of federal funds, and because of this arrangement, patent protection and licensing of technology was rarely pursued [1], [2]. As the result of advancements in academic- and industry-based research and changes in policies at the federal and institutional levels, academic institutions have become significant contributors to research commercialization via obtaining patents, licensing intellectual property, and forming start-up companies [5].…”
Section: Introductionmentioning
confidence: 99%
“…Private investors for advanced stages of R&D can only be found if exclusivity by IP protection has already been obtained [17].…”
Section: Introductionmentioning
confidence: 99%