Evaluating the Socio-Economic Impact of the Bayh-Dole Act

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Summary:

The Bayh-Dole Act, enacted in 1980, has significantly impacted the research ecosystem and technological advancements in the United States. The Act has promoted entrepreneurship, job creation, and competitive advantages by facilitating the commercialization of academic research. While its effects are largely positive, the Act requires continuous adaptation to accommodate evolving technological landscapes and raises ethical concerns about the balance between profit and public good.