WIPR caught up with the president-elect of the Association of University Technology Managers Jane Muir about her plans for her new position at the association, the importance of tech transfer and whether non-practising entities can play a role.
The Bayh-Dole Act, passed in 1980, transferred ownership of government-funded inventions from the state to the academic institutions where they were made, allowing universities to take charge of commercialising their innovations.
The Act gave rise to the establishment of tech transfer offices in universities around the world, which were tasked with handling licensing agreements and forging relationships with different companies.
An effective transfer office can be a valuable asset—the Cohen-Boyer family of patents, which cover a method of gene splicing, yielded Stanford University and the University of California, San Francisco about $255 million in licensing fees, while Columbia University has collected $790 million off the back of its patents covering a method for inserting DNA into eukaryotic cells.
The rest of this article is locked for subscribers only. Please login to continue reading.
If you don't have a login, you will need to purchase a subscription to gain access to this article, including all our online content. Please use this link and follow the steps.
To request a FREE 2-week trial subscription, use the same link but select the 'trial' option in the dropdown box. NOTE - this can take up to 48hrs to be approved.
For multi-user price options, or to check if your company has an existing subscription to us that we can add you to for FREE, please email Atif Choudhury at email@example.com
AUTM, tech transfer, Jane Muir, AIA, NPEs