The Bayh-Dole Act has changed the role of universities since 1980, emphasizing innovation and economic development through patents. As government funding faces reductions, universities must seek alternative research funding strategies. Michael Cima discusses the significance of intellectual property generated in universities and its relationship with research funding cuts. Cima, a prominent figure at MIT, shares insights on the essential qualities of successful inventors and the potential long-term effects of funding reductions on economic growth and public health.
"So, when you see these massive cuts, I worry about the long-term impact that has on both economic development and the health of our population."
"Universities have been incentivized for both innovation and economic development, with patents being an important part of that landscape."
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