Intellectual Property: A Boon or a Pain?

By Owens, John M. | ASEE Prism, April 2001 | Go to article overview

Intellectual Property: A Boon or a Pain?


Owens, John M., ASEE Prism


Patents and technology transfer-two subjects that can produce a broad range of responses on any campus-are seen by governing boards and upper administration as vast, untapped sources of income for the institution. But for mid-level administrators, the commercialization of research is viewed as a mixed blessing. Sure, there are potential financial returns along with a lot of bureaucratic headaches. Faculty views run the gamut. Some see marketing research as a great source of income, while for others it's a painful, administrative nightmare.

How has this situation come about? Before 1989, the federal government owned and was responsible for all intellectual property (IP) produced under its sponsorship. However, it wasn't making broad use of the inventions in ways that would benefit the general public. The Bayh-Dole Act of 1980 gave universities the option of retaining rights to products created under federal sponsorship, with universities developing policies to share the derived revenues with the inventors.

Suddenly a new income source appeared in which inventors had a share. Most institutions have tried to apply this policy to all of their inventions regardless of whether the research is federally or privately funded. As a result of a few highly profitable patents (gene splicing and Gatorade, for example), most campuses have created an infrastructure for encouraging research that has commercial applications.

What are we required to do under Bayh-Dole? First, universities must have an agreement with the faculty about how patents will be handled and how royalties will be distributed-in other words, spelling out how faculty get a piece of the action. Secondly, schools must notify the feds about inventions and the status of patents. The feds get use of the patents for free and have the rights to the research if the university doesn't use it (which has never happened). …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Intellectual Property: A Boon or a Pain?
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Author Advanced search

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.