By Stephen Buxser, Ph.D., Nerac Analyst,
The major idea behind the Bayh-Dole act passed in 1980 was to move control of technology discovered under federal grant funding from the federal government itself to universities. The goal was to speed development of new technology from university labs to the marketplace. How that was to be done was not specified in the legislation nor was any new enabling funding provided. The initial idea seems straight-forward enough, but of course, implementation has been sporadic and variably effective. By some estimates, the value of developed technology has been equivalent to approximately one or two percent of the initial research expense. This, of course, raises questions about how effective technology transfer has been and how effective we should expect it to be. This report is motivated by the desire to understand what is happening in technology transfer (TT) especially in the US. What are the limitations and challenges in TT? Have they changed in recent years, especially after the shock in economic conditions beginning in 2007-2008?
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