It's been nearly 30 years since the Bayh-Dole Act allowed universities to gain IP and National Academy of Sciences looks into the effectiveness of the technology transfer system and whether it's had any unintended effects. It finds that universities should temper their expectations of technology transfer. "Patenting and licensing practices should not be predicated on the goal of raising significant revenue for the institution," the report says. "The likelihood of success is small, the probability of disappointed expectations high, and the risk of distorting and narrowing dissemination efforts is great." The academy also suggests that universities draw on their knowledgeable staff, both faculty members and business people, to help in the operations and oversight of the tech transfer offices, adds the Chronicle of Higher Education.
Making the Transfer
Oct 05, 2010