Chapter 4 Patents and technology commercialization: Issues and opportunities

Abstract

This chapter discusses current issues raised by the use of patents in university-industry technology commercialization. After introducing how patent laws operate in the global marketplace, this chapter provides an overview of the U.S. patent system, describing aspects of the process by which patents are obtained and enforced. The focus of the chapter then turns to some of the benefits and costs to academia of the impact of the Bayh-Dole Act, which allows universities to capture returns from federally funded research. The chapter identifies some of the challenges created by the expanding scope of subject matter eligible for patent protection and concludes with a discussion of some of the issues and opportunities associated with the strategic licensing and enforcement of patents that may impact invention and innovation in the academy and beyond.

Citation

Bagley, M.A. (2008), "Chapter 4 Patents and technology commercialization: Issues and opportunities", Libecap, G.D. and Thursby, M.C. (Ed.) Technological Innovation: Generating Economic Results (Advances in the Study of Entrepreneurship, Innovation and Economic Growth, Vol. 18), Emerald Group Publishing Limited, Leeds, pp. 117-147. https://doi.org/10.1016/S1048-4736(07)00004-5