Our Innovation Economy: Thanks to the Bayh-Dole Act
- gpuckrein
- Jul 24
- 1 min read
The Bayh-Dole Act of 1980 enables universities to retain intellectual property rights to discoveries made with federal funding, spurring an explosion of innovation in the life sciences. Innovation drives national and local economic growth, creating jobs and developing life-saving treatments.
What’s at Stake
To maintain America’s technological leadership, the U.S. must continue supporting policies that invest in American universities and businesses. Proposed policies like ‘Most Favored Nation’ foreign reference pricing (MFN) threaten this progress and open the door for China to gain competitive advantage.
New research from the Information Technology & Innovation Foundation (ITIF) underscores how Bayh-Dole and the innovation ecosystem support local economies, specifically in six states. To learn more about the state-specific data, see below:
· Colorado
· Delaware
· Georgia
· Indiana
· Kansas