Universities have zero oversight or accountability to ensure tech transfer to market
Barnett, Director of the Research Technology Enterprise Initiative at the University of Washington, 23
[Gerald, “Inventors would own more, were it not for noncompliant Bayh-Dole practice,” Research Enterprise, 3/10/23, https://researchenterprise.org/2023/03/10/inventors-would-own-more-were-it-not-for-noncompliant-bayh-dole-practice/, accessed 7/17/24, GDI-JCR]
No one asks whether all the tech transfer effort has resulted in timely practical application–use with benefits available to the public on reasonable (competitive) terms. No one asks whether product improvement and applications in various fields have taken place in a reasonable (competitive) time. No–companies with patent monopolies seem to wait a decade or more before working on the roll out of some new patented improvement to replace the expiring patent bits still left in a once-new product. No one asks whether supply meets public needs. Dates of first commercial sale or use. Nope. Is the pricing of product reasonable? Nope. Is the university properly using income earned with respect to subject inventions? Nope. Has a university flowed down the nonprofit patent rights clause (with its restrictions on the use of income earned) in exclusive licenses that grant all substantial rights in a subject invention? Nope. No one advises universities to get these things right. No one even audits university reports of subject invention utilization to see that they are even accurate and backed by documentation.