Since the 1980 passage of the US Bayh-Dole Act, academic technology transfer has gained profile globally as a key component of knowledge-driven economic development. Research universities are seen as key contributors. In this article, focusing on the USA and drawing on over twenty years of experience in the field of academic technology transfer in…

The Virginia Polytechnic Institute and State University has created a profitable program for commercializing student and faculty research, investing with three venture-capital companies that agreed to pay extra attention to the university's technological innovations and developing an office park to promote local economic development and generate…

Unlike other universities, the University of Arizona is ending a policy of direct commercialization of faculty research, citing new federal rules governing conflict of interest and institutional budget constraints as the reasons. The decision also follows a suit against the university concerning spinoff rights. Critics argue that the university…

A discussion of legal aspects of college faculty efforts to profit from their research activities considers whether judicially acknowledged distinctions between faculty's academic and personal pursuits will apply in such cases of commercialization. Implications for increased regulation of core institutional and faculty activities are examined.…