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The Bayh-Dole Act: eight points that every technology company should know

Prior to 1981, the US Government owned but rarely patented the inventions it funded because there existed a prevailing belief that publically funded research belonged to the public, says Baker & McKenzie. Today, the Bayh-Dole Act allows for private ownership of government funded inventions. However, venture capitalists undertaking technology transfer from universities, federal labs or other entities that receive government funding should be aware of a few of the legal requirements imposed by the Bayh-Dole Act before committing significant resources to these endeavours.

This article outlines some of the strings that attach to the government purse.

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