Bayh-Dole 40: Celebrating the Past, Protecting the Future
“When Bayh-Dole is mentioned in the current political debate it’s misrepresented by alleging that it empowers the bureaucracy to take technologies away from their developers if their price isn’t “reasonable.” Of course, the law says no such thing.” It’s highly appropriate that the 40th anniversary of the Bayh-Dole Act occurs in a year as politically contentious as that in which it passed. In 1980, many predicted that our best years were behind us and that the United States would soon lose its place as the world’s economic superpower. Experts proclaimed the best remedy was to adopt the “Japan, Inc.” model, where...
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