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Tuesday, May 29, 2012

Position of TTO in The Universities for Research and Innovation Bill 2012

US is presently debating on doing away with a mandatory TTO in universities. Prior to Bayh-Dole, the invention rights vested with the federal government. The Bayh-Dole Act, allowed universities and small companies to own and manage inventions they make with federal funds. University Technology Transfer Offices played a pivotal role in commercializing the patents. Now, Kauffman Foundation proposed Start-up Act says TTO had become bottleneck and recommends that decisions  to commercialize technologies should be taken by faculty inventors and not university bureaucracies (TTO).
The bill in parliament is silent on structure of this relationship between faculty innovators- TTO-licensees. Is it left to universities to decide as part of autonomy?

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