Universities: Get Entrepreneurial
University research is an untapped gold mine of knowledge and ideas. To boost innovation and economic growth in the U.S., we need to accelerate the way this research is commercialized and strengthen schools' ties with entrepreneurs. Universities have come a long way since the Bayh-Dole Act of 1980, which for the first time allowed them to own and license the intellectual property they were creating. But this is just a first step in creating the creative/entrepreneurial partnership that was the intention of this legislation. We urgently need to take the system to the next level. Here's why.
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