Since its passage, the Bayh-Dole Act has bolstered US economic output by up to $1.7 trillion, supported 5.9 million jobs and helped lead to more than 14,000 spinouts.

Headshot of Bob Dole

The death of Bob Dole, a Republican senator and US presidential candidate, aged 98 has seen university tech transfer experts reflect on the importance of one of his signature pieces of legislation, the Bayh Dole Act.

Tom Hockaday, former head of technology transfer activities at the University of Oxford for ten years from 2006 to 2016 and author of “University Technology Transfer – What It Is and How to Do It” published last year, said Dole was “one of the grandparents of global university technology transfer. The Bayh Dole Act of 1980, effective 1981, started so much of what we see today.”

Reb Thomas, publisher of KnowledgeEconomy.com and attorney at Thomas Law Firm, added: “I am upset that US news media are not properly featuring this aspect of Dole’s career. I don’t believe it is…

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James Mawson

James Mawson is founder and chief executive of Global Venturing.