Freeing the Good Stuff From University Labs
netbuzz writes "University research labs are not supposed to be like Vegas: What happens in them is not supposed to stay there. A nonprofit from the Kauffman Innovation Network launching yesterday at DEMO 07 aims to free the fruits of academic research that would otherwise sit trapped on university shelves. Bonus: the site translates academic-speak into English.
At first I thought this article was going to be pointers on "freeing the good stuff" chemistry-wise from the lab stores.
Darn.
I'm a lawyer who (among other things) advises startups who want to license discoveries from universities. There is already a thriving market in such research, thanks in large part to the Bayh-Dole act, which allows universities to exploit inventions funded by the US government. The gov't gets a non-exclusive right to practice the invention (or have it practiced for the government) and there are a few other relatively minor restrictions. Because of this, Universities have been mining their research for years. Especially in the biochem and biotech industries, the vegas-like attitude does not exist. Quite the opposite -- researchers typically now conduct their research with an eye toward its commercial practicability. Before Bayh-Dole, this rarely happened.
No private corporation should ever be able to patent anything developed with my tax money. Why is THAT allowed to continue? I'm tired of paying for companies' research for them. In fact I'd say that this state of affairs is why more public companies don't bother to do major research. They know they can get the same stuff done for free (or for much cheaper anyway) by a University someplace, using our tax dollars.
"You're right," Fisheye says. "I should have set it on 'whip' or 'chop.'"
The Bayh-Dole Act ( http://en.wikipedia.org/wiki/Bayh-Dole_Act ) confers univeristies the IP rights to their discoveries.
P226