This Month in IP: The Impact of the Bayh-Dole Act
The Bayh-Dole Act revolutionized U.S. innovation by decentralizing the licensing process for federally funded research. By giving universities and other nonprofits the ability to license their researchers’ discoveries to the private sector, the Bayh-Dole Act incentivized them to turn their cutting-edge research into tangible products. The law’s impact has proven substantial, contributing nearly $2 trillion