The Bayh-Dole Coalition

WATCH: The Bayh-Dole Coalition is proud to release our 2024 Faces of American Innovation Event Highlight Reel! In just 3 minutes, the video showcases the most impactful moments from our two-day program and underscores why we must uphold the Bayh-Dole Act -- featuring the 2024 American Innovator awardees, expert panelists, and our keynote speakers on Capitol Hill. You can find the video below or on our website. "The Bayh-Dole Act has been enormously successful. It has given us untold numbers of useful inventions, and we are all better served as a result." "My mission in going up [to Capitol Hill] is to help policymakers and lawmakers understand the importance and impact of the Bayh-Dole Act." "Bayh-Dole has helped generate nearly 500,000 inventions and contributed $1 trillion to U.S. GDP. We must appreciate and protect it, not undo its legacy." Watch the highlight reel here: https://lnkd.in/ev7niceG #BayhDole #BayhDoleFOAI #policy #law #legislation #Congress #research #technology #techtransfer #science #medicine

The Bayh-Dole Coalition recently sent a letter to the Senate Judiciary Committee expressing our support for three bills scheduled for review during the committee markup on November 14, 2024: S.2220, the Promoting and Respecting Economically Vital American Innovation Leadership (PREVAIL) Act; S.2140, the Patent Eligibility Restoration Act (PERA); and S.4713, the Inventor Diversity for Economic Advancement (IDEA) Act. If passed, they will strengthen our patent system, which is the foundation of the Bayh-Dole Act that has done so much to enhance U.S. innovation at the time we need it most. Our letter highlights the significance of these bills and their potential to advance America's technological and economic leadership. "The PREVAIL Act, PERA, and the IDEA Act would enable key reforms to bolster U.S. innovation and reinforce the patent protections that undergird the world-class technology transfer system established by the Bayh-Dole Act. To address the ongoing challenges facing inventors and safeguard the future of American innovation, we sincerely urge [legislators] to preserve the integrity of these acts in their current form during the upcoming committee mark-up session." "These three pieces of legislation would significantly enhance clarity within our current patent system, bolster patent protections for American innovators, and supply essential data to ensure we leverage our nation's full creative potential. [Legislators'] stewardship of these important reforms is crucial to the success of America's university research enterprise and to our continued economic and technological prosperity." Read the full letter here: https://lnkd.in/eSUAFTJv #BayhDole #PREVAIL #PERA #IDEA #letter #policy #law #legislation #Congress #research #technology #techtransfer #patents

READ: Recent research demonstrates that "march in" will have almost no impact on drug prices. Published in JAMA Health Forum, the study found: "The findings suggest that few drugs have solely march-in–eligible patents, so the overall effect of march-in on removing patent barriers to competition would be limited." "The results of this cross-sectional study suggest that the overall impact of exercising Bayh-Dole march-in rights on removing patent barriers to competition would be small... March-in rights are not relevant for most drugs." "If policymakers want to lower prices for a broader array of drugs, they should thus focus on other policies." Read the full study here: https://ja.ma/4eirhqp #BayhDole #study #policy #law #legislation #Congress #research #technology #techtransfer #science #medicine

Happy #IP Month! Kate Beale, thank you for sharing our highlight reel and celebrating this year's awardees with us. We look forward to continuing our advocacy for the #BayhDole Act to ensure that the future holds even more stories like these.

WATCH: Joseph Allen, executive director of The Bayh-Dole Coalition, and Louisiana State University professor Dr. Shafiqul Chowdhury recently appeared on an episode of Iowa Agribusiness Radio Network's Ag Matters. They spoke about the importance of innovation in agriculture and how the Bayh-Dole Act is crucial to driving the industry forward. "The Bayh-Dole Act... actually allows people like Dr. Chowdhury and LSU to get a patent and find a company." "[The Bayh-Dole Coalition] started the Faces of American Innovation award to highlight people like Dr. Chowdhury... so that people really understand how delicate this process is and how critical it is to our welfare, both economic welfare... protecting animals, and protecting humans." "The Bayh-Dole Act is under attack. We have people trying to return us to the old policies, thinking the government pays for research [so] everyone should be able to use it for free. And the problem is, no one's going to develop a new technology, a breakthrough technology... if you can't protect your investment." "Our public and private sector alliances are what's making us more competitive than any other country in the world. But we can't take them for granted." Watch the full interview: https://lnkd.in/dM8pf6zb #BayhDole #techtransfer #science #health #agriculture #research #technology #innovation #patents #IP #licensing #policy

WATCH: "What do flatscreen TVs, Honeycrisp apples, and Google search engine have in common?" If you haven't seen it, our 2-minute explainer video on the Bayh-Dole Act is the perfect way to learn all about the history, significance, and ongoing impact of this bipartisan law. For nearly 45 years, American innovation has excelled under the Bayh-Dole system. Today and always, it's crucial for lawmakers to uphold Bayh-Dole and protect our flourishing innovation ecosystem -- not hinder it by undoing years of success. Watch the full video below: https://lnkd.in/etBjy7xA #BayhDole #techtransfer #video #informational #educational #learning #science #technology #innovation #economy #jobs #politics #government

READ: Kathy Ku, former executive director of the Stanford Office of Technology Licensing (OTL), recently published an article in The EdUp Experience talking about what she learned over the course of her exciting career in tech transfer. "Bayh-Dole allowed universities that received federal research funds to keep their intellectual property, a simple-sounding reform with a huge impact. We knew this gave us an enormous opportunity to turn academic innovations into real-world products -- not just to maximize profit but to benefit the public."   "[T]here's no quick formula for success. The passage of Bayh-Dole was a crucial starting point, but ultimately the tech-transfer process requires resourcefulness, hard work, and a willingness to take chances." "In both my current and earlier roles, I've witnessed how central a tech transfer office can be to helping a university further its mission. Academics do tremendous work conducting basic science, discovering the fundamental physical realities of our world. But by transferring some of those discoveries to outside developers, universities can also do more. They can fund more research, and make sure that those breakthroughs go on to benefit society at large." Read the full piece below: https://lnkd.in/e2zkagH2 #BayhDole #techtransfer #science #health #medicine #research #technology #innovation #patents #IP #licensing #policy

READ: Doug Collins, who represented Georgia’s 9th Congressional District from 2013 to 2021 in the U.S. House of Representatives and is a former U.S. Senate candidate, recently published an op-ed in The Atlanta Journal-Constitution. He writes about how the Bayh-Dole Act has enabled historic growth and success in the state of Georgia -- and why the landmark law must be preserved. "Georgia is a powerful case study of Bayh-Dole’s success. Startups emerging from just one of our state’s universities, The University of Georgia, generate more than $500 million in annual economic impact, with more than 200 companies spinning out of UGA research. Georgia Institute of Technology features similar startup activity and licensing success stories." "...[R]esearchers’ discoveries might have perished in the lab without Bayh-Dole. Before the law, the government retained patent rights for any discovery it helped fund. Agencies rarely granted exclusive licenses for these patents, meaning private firms had little incentive to spend millions of dollars commercializing them. By 1980, fewer than 5% of more than 28,000 government-held patents had been licensed." "The Bayh-Dole Act has helped enable Georgia’s -- and the nation’s -- booming high-tech industries. If the Biden administration wants this success to continue, it must abandon its misguided effort." Read the full op-ed below: https://lnkd.in/ehnyjRbw #BayhDole #Georgia #techtransfer #science #health #medicine #research #technology #innovation #patents #IP #licensing #policy

We remain incredibly grateful for the insightful remarks of Rep. Jake Auchincloss (D-MA-4) at our 2024 Faces of American Innovation Capitol Hill Briefing. "We in government must dedicate ourselves to public-private partnership for the advancement of innovation" "I would put forward that there are three roles of the federal government to consider as a partner to private sector innovation: the first is impact investor; the second is smart regulator, and the third is good customer." "In industries like biotechnology that have 10-, 15-, 20-year timelines for commercialization and have to make long-term capital bets, what they really want is just knowing that the rules of the game aren't going to change." "[The march-in framework] is sort of the definition of changing the rules of the game halfway through, and you're already seeing a chilling effect on some commercial interest in university tech transfer endeavors." Watch a clip of Rep. Auchincloss' remarks below: https://lnkd.in/eJ6Dztvz #BayhDole #BayhDoleFOAI #policy #law #legislation #Congress #research #technology #techtransfer #science #medicine

The 2024 "Faces of American Innovation" recordings are here! On Wednesday, September 18, and Thursday, September 19, 2024, The Bayh-Dole Coalition hosted its second-annual "Faces of American Innovation" award ceremony, followed by a day of Capitol Hill briefings on how the technology transfer system established by the Bayh-Dole Act empowers American innovation. "Policymakers in the executive and the legislature must cultivate, not castigate, the law that transforms research into high standards of living. Indeed, we in government must dedicate ourselves to public-private partnership for the advancement of innovation." - Rep. Jake Auchincloss (D-MA-04) "Prior to Bayh-Dole, very little, hardly anything made it into commercialization, because there were no structural incentives for it... If we're going to win this big new era of competition with China, it's going to be that we have to prevail in being more innovative and more creative at a faster pace. That means harnessing together the public and private sector in constructive ways, and Bayh-Dole did that. I look at it today -- it's just as good today as it was forty years ago." - John Hamre, President & CEO of the Center for Strategic and International Studies (CSIS) "We have an advantage over the other side: What we're saying is actually true." - Joseph Allen, Executive Director of The Bayh-Dole Coalition If you missed the event this year, no worries -- you can view the recordings and event summary on our website: https://lnkd.in/eAwQMva5 #BayhDole #BayhDoleFOAI #policy #law #legislation #Congress #research #technology #techtransfer #science #medicine