Innovation’s golden opportunity

The Supreme Court ruled Monday that universities cannot automatically own the rights to the inventions that result from federally financed research.

The next day, a New York Times editorial decried the decision, saying it "romanticizes the role of the solo inventor," and "fails to acknowledge the Bayh-Dole Act’s importance in fostering collaborative enterprises." This couldn’t be more wrong. The university commercialization system is broken, and the solution is to empower, not inhibit, the researchers.

By Vivek Wadhwa

Full Story: http://www.washingtonpost.com/national/on-innovations/innovations-golden-opportunity/2011/06/09/AGWrnJOH_story.html