{"83581":{"#nid":"83581","#data":{"type":"news","title":"Getting Research From the Lab to Market","body":[{"value":"\u003Cp\u003EGetting more university research out of the lab and into the real world to improve the quality of people\u0027s lives sounds likes a good thing.  However, the Bayh-Dole Act passed in 1980 to encourage more federally funded research to make the leap out of the lab has proved controversial.  Bayh-Dole allows universities to patent and exclusively license federally funded inventions and appears to have fueled dramatic growth in university licensing over the last 20 years.\u003C\/p\u003E\n\u003Cp\u003ECritics charge that Bayh-Dole restricts future research on a technology, is unnecessary, and motivates researchers to pursue profitable areas of research, rather than \u0022pure\u0022 basic research.\n\u003C\/p\u003E\n\u003Cp\u003EGeorgia Tech professor Marie Thursby, the Hal and John Smith Chair in Entrepreneurship in the DuPree College of Management, and Jerry Thursby, Department Chair and Professor of Economics at Emory University, examine the evidence and address these issues in their recently published paper in the August 22, 2003 edition of the highly prestigious journal, \u0022Science.\u0022\n\u003C\/p\u003E\n\u003Cp\u003EAccording to Marie Thursby, \u0022The issues we examine in this paper are of great importance not only to universities and research institutions but also to the public at large.  Huge sums of federal dollars go toward research. Licensing provides incentives for businesses to use the resulting discoveries, but it is important that these incentives not destroy the fundamental research mission of universities.\u0022\n\u003C\/p\u003E\n\u003Cp\u003EAccording to Jerry Thursby, \u0022The critical nature of universities in the U.S. innovation system is well known. What is less well known, and hence our interest as economists, is how technology transfer is affected by economic incentives.\u0022\n\u003C\/p\u003E\n\u003Cp\u003EThe Thursbys examine four primary questions based on their own survey data as well as data from the Association of University Technology Managers\u0027 1991 and 2000 surveys and other studies.  Full details of these conclusions are in the paper entitled \u0022University Licensing and the Bayh-Dole Act, \u0022 in the August 22 issue of the journal.\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E1. Would technologies be transferred out of the lab without the Bayh-Dole Act?\u003C\/strong\u003EYes, they would, but Bayh-Dole provides another channel beyond the traditional publications, meetings and consulting.\n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E2. Are technology transfer offices at universities profit centers?\u003C\/strong\u003E\u003Cbr \/\u003E\nProfits are not the sole goal of licensing, and the average income per active license is $66,465, but only 43 percent of licenses earned royalties.\n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E3. Does licensing technologies to outside firms restrict the spread of the academic research?\u003C\/strong\u003E\u003Cbr \/\u003E\nResearch that is company sponsored, rather than federally funded, is usually not shared as readily.\n\u003C\/p\u003E\n\u003Cp\u003E\u003Cstrong\u003E4. Have financial incentives from licensing technology diverted faculty away from \u0022pure\u0022 basic research to more lucrative research areas?\u003C\/strong\u003E\u003Cbr \/\u003E\nBased on the limited evidence available, the answer is no.\n\u003C\/p\u003E\n\u003Cp\u003E\u003Cem\u003E\u003Cstrong\u003ENOTE:\u003C\/strong\u003E\u003C\/em\u003E To obtain a copy of the article, please contact Elizabeth Campell at Georgia Tech\u0027s Communications and Public Affairs office at 404-894-4233 or \u003Ca href=\u0022mailto:elizabeth.campell@icpa.gatech.edu\u0022\u003Eelizabeth.campell@icpa.gatech.edu\u003C\/a\u003E.  Reporters may also request a copy of the paper from the AAAS Office of Public Programs at 202-326-6440 or \u003Ca href=\u0022mailto:scipak@aaas.org\u0022\u003Escipak@aaas.org\u003C\/a\u003E.\u003C\/p\u003E","summary":null,"format":"limited_html"}],"field_subtitle":[{"value":"University Licensing and the Bayh-Dole Act"}],"field_summary":[{"value":"Getting more university research out of the lab and into the real world to improve the quality of people\u0027s lives sounds likes a good thing.  However, the Bayh-Dole Act passed in 1980 to encourage more federally funded research to make the leap out of the lab has proved controversial.  Bayh-Dole allows universities to patent and exclusively license federally funded inventions and appears to have fueled dramatic growth in university licensing over the last 20 years.","format":"limited_html"}],"field_summary_sentence":"","uid":"27304","created_gmt":"2003-09-02 00:00:00","changed_gmt":"2016-10-08 03:02:06","author":"Matthew Nagel","boilerplate_text":"","field_publication":"","field_article_url":"","dateline":{"date":"2003-08-28T00:00:00-04:00","iso_date":"2003-08-28T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"83591":{"id":"83591","type":"image","title":"Dr. Marie Thursby","body":null,"created":"1449178095","gmt_created":"2015-12-03 21:28:15","changed":"1475894700","gmt_changed":"2016-10-08 02:45:00"},"83601":{"id":"83601","type":"image","title":"Dr. Jerry Thursby, Department Chair and Professor","body":null,"created":"1449178095","gmt_created":"2015-12-03 21:28:15","changed":"1475894700","gmt_changed":"2016-10-08 02:45:00"}},"media_ids":["83591","83601"],"related_links":[{"url":"http:\/\/www.dupree.gatech.edu\/tiger\/","title":"TI:GER Program"},{"url":"http:\/\/www.emory.edu\/COLLEGE\/ECON\/","title":"Emory University Department of Economics"},{"url":"http:\/\/www.dupree.gatech.edu\/","title":"DuPree College of Management"},{"url":"http:\/\/www.dupree.gatech.edu\/news_room\/news\/2003\/thursby\/files\/thursbybayhdole.pdf","title":"PDF file of Science article"}],"groups":[{"id":"1214","name":"News Room"}],"categories":[],"keywords":[],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[{"value":"\u003Cstrong\u003ELisa Grovenstein\u003C\/strong\u003E\u003Cbr \/\u003ECommunications \u0026amp; Marketing\u003Cbr \/\u003E\u003Ca href=\u0022http:\/\/www.gatech.edu\/contact\/index.html?id=lgrovenste3\u0022\u003EContact Lisa Grovenstein\u003C\/a\u003E\u003Cbr \/\u003E\u003Cstrong\u003E404-894-8835\u003C\/strong\u003E","format":"limited_html"}],"email":["lisa.grovenstein@comm.gatech.edu"],"slides":[],"orientation":[],"userdata":""}}}