New Infographic Published Describing the Technology Transfer Process in the USU Under the Bayh-Dole Act
The Bayh-Dole Coalition has released a new infographic describing the technology transfer process under the Bayh-Dole Act of 1980. Its purpose is to explain the stages of transforming federally funded early-stage research into a market-ready product, as well as the benefits and returns of this cycle.
The infographic with working hyperlinks is available here.
Background. The Bayh-Dole Coalition was founded on February 4, 2021. The organization is an expansion of its predecessor — the Bayh-Dole 40 Coalition, established in 2020 to mark the 40th anniversary of the Bayh-Dole Act.
What the organization does.
The Bayh-Dole Coalition is a nonprofit organization (registered with the IRS under code 501(c)(4) as a social welfare organization) that brings together diverse research and scientific organizations, as well as companies engaged in the commercialization of new products.
The organization's mission:
- Protecting and preserving the Bayh-Dole Act of 1980 — countering attempts to weaken or distort the provisions of the Act
- Education and advocacy — informing policymakers and the public about the positive impact of the Act on the American innovation ecosystem
Executive Director: Joseph P. Allen — a former staff member of the U.S. Senate Judiciary Committee who participated in the drafting of the Bayh-Dole Act as part of Senator Birch Bayh's team in 1980.
Following the adoption of the Bayh-Dole Act in the United States in 1980, and after a number of years that proved its effectiveness, the ideas and principles of the Bayh-Dole Act were adopted in the following countries: Japan (1998), Germany (2000), Brazil, Malaysia, Singapore, the Philippines, South Africa, South Korea, Israel, France, the United Kingdom, and other EU countries (in the 1990s), and China (2002).
More details about the Bayh-Dole Act and its impact on the economies of the United States and other countries can be found here.
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