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Universities Patenting More Student Ideas
theodp writes "Working as a NASA intern, grad student Erez Lieberman had a eureka moment, resulting in an algorithm that detects whether a person is standing correctly or is off balance. Unfortunately, MIT liked it so much they decided to patent it. Seeking permission to use his own idea for his iShoe startup, which develops products like insoles to address the problems of seniors, Lieberman was told no problem — as long as he promised a hefty royalty and forked over a $75,000 upfront payment. Whether or not students are aware of it, the NYTimes reports that most universities own inventions created by students that were developed using a 'significant' amount of schools resources. Colleges and universities once obtained fewer than 250 patents a year, but that was before the Bayh-Dole Act gave them ownership of inventions developed through federally financed research. Now they acquire about 3,000 a year, and in 2006 licensing fees and equity in spinoff companies totaled at least $45B — research powerhouses like Stanford and NYU pocketed $61M and $157M, respectively."
Us3rs With Large
I'm glad I don't have a whole country full of deceitful, greedy kikes stealing all my water and land anywhere near me. Fucking Jews can't just live in peace. They have to steal other people's land. Our national economy is collapsing from the Jewbanks doing their usual Jewthing. You see, with Jews, you lose. That's how THEY win. They WIN by making YOU lose. Let's lose the Jews.
Wir mussen die Juden ausrotten!