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Public Sector EntrepreneurshipU.S. Technology and Innovation Policy$
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Dennis Patrick Leyden and Albert N. Link

Print publication date: 2015

Print ISBN-13: 9780199313853

Published to Oxford Scholarship Online: December 2014

DOI: 10.1093/acprof:oso/9780199313853.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 28 July 2021

The Bayh-Dole Act of 1980

The Bayh-Dole Act of 1980

(p.75) 5 The Bayh-Dole Act of 1980
Public Sector Entrepreneurship

Dennis Patrick Leyden

Albert N. Link

Oxford University Press

This chapter argues that the Bayh-Dole Act of 1980, which allows small businesses and nonprofit organizations—especially universities—to take ownership of inventions funded with government support, is a prime example of public sector entrepreneurship. After presenting a description of the Act’s legislative history, the chapter turns to a discussion of the implications of the Act for private sector entrepreneurial activity. Particularly important in that respect are its facilitation of university technology transfer offices and the birth of proof of concept centers. The chapter then analyzes the Bayh-Dole Act as an example of public sector entrepreneurship using the conceptual structure developed in Chapter 3. Finally, the chapter closes with a detailed empirical analysis of the substantial economic impact of the Act and a formal model of university technology transfer.

Keywords:   Bayh-Dole Act, networks, proof of concept center, public sector entrepreneurship, university technology transfer

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