
The report is titled Managing University Intellectual Property in the Public Interest and uses the passage of the Bayh-Dole Act* in 1980 as its starting point. This Act paved the way for American universities to take ownership of the intellectual property which arose from publicly funded research, for the express purpose of facilitating commercial development and licensing of the work. The practice prior to Bayh-Dole placed ownership in the hands of the funding agencies and commercial development of university research was infrequent.
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