Which of the following statements is true about the Bayh-Dole Act of 1980?
A) It made university technology transfer activities illegal and unethical.
B) It allowed universities to collect royalties on inventions funded with taxpayer dollars.
C) It restricted provision of patents for inventions developed at universities.
D) It made investment in research and technology mandatory for public companies.

Question

Quizplus · Accepted Answer

The Bayh-Dole Act of 1980 allowed universities and other non-profit institutions to retain ownership of inventions made with federal funding and to license them to private companies. This resulted in universities being able to collect royalties on these inventions, promoting more collaboration between universities and industry and increasing the commercialization of research. The act did not make university technology transfer illegal or unethical, nor did it restrict provision of patents for inventions developed at universities. It also did not mandate investment in research and technology for public companies.

Which of the Following Statements Is True About the Bayh-Dole