Previous |
Next Campus Free-Speech Group Claims Victory in U. of Minnesota Dispute |
December 23, 2009, 12:42 PM ET
Foundation Says Bayh-Dole Act Lets Universities Hold Professors' Inventions Hostage
Two leaders of the Ewing Marion Kauffman Foundation, which for years has made no secret of its low regard for the abilities of university technology-transfer offices, is now calling for a change in rules for the 30-year-old federal Bayh-Dole Act, to give professors the right to choose their own agents to handle the licensing of their inventions. The idea, which would change current practice (universities, which own the rights to academic inventions, typically hold that responsibility), has gotten a boost from the Harvard Business Review, which ranks it as one of its 10 Breakthrough Ideas for 2010.
The Ticker is The Chronicle's breaking-news blog, with frequent updates from editors and reporters who scour the world for higher-education news.
Comments
1. jschantz - December 29, 2009 at 11:59 am
Yeah, there's a stellar idea: Give the same idiots who brought you the banking crisis control over residuals from university research? Maybe they can collatoralize future inventions into a financial instrument known as "Creative Research Academic Property" or CRAP and trade it in a globalized market backed by currency traders and sovereign wealth funds. Then after the whole thing collapses, the same boy-geniuses can repackage the detritus as "Prorated Innovated Leveraged Equities" or PILE, then we'll all be left with a PILE of CRAP that will have to be bailed out using TARP funds or some other acronym thought up by the half-wits from the Harvard Business Review...
Add Your Comment
Commenting is closed.