HCCA Basic Academy Practice Exam

Question: 1 / 400

What does the Bayh-Dole Act allow regarding government-funded inventions?

Transfer of exclusive control to foreign entities

Exclusive control to universities and businesses

The Bayh-Dole Act facilitates the transfer of exclusive control to universities and businesses for inventions developed through federal funding. This legislation was enacted to promote the utilization of inventions that arise from government-sponsored research by allowing small businesses and nonprofits to retain ownership rights to such inventions. By doing so, it encourages the commercialization of these innovations, fostering partnerships between academic institutions, the private sector, and the federal government.

Allowing exclusive control to universities and businesses means that they can not only secure patents for the inventions but also license them to create products and services, thus enhancing the potential for market success and economic growth. This aspect of the Bayh-Dole Act has significantly impacted technology transfer and innovation in the U.S., leading to numerous breakthroughs and advancements across various fields.

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Complete government ownership

Immediate commercialization without review

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