Want a greater ROI for taxpayers? Restore the patent system, protect Bayh-Dole and cut the red tape strangling federal labs

Three events boosted our economic turnaround in the 1980's: the passage of Bayh-Dole, which injected the incentives of patent ownership into the federal R&D system; the enactment of the Court of Appeals for the Federal Circuit, which insured the courts would apply the patent law consistently; and the Supreme Court's ruling in Diamond v Chakraberty that living organisms could be patented. That decision stated that patents could "include anything under the sun that is made by man." Today that quote is only ironic. The post Want a greater ROI for taxpayers? Restore the patent system, protect Bayh-Dole and cut the red tape strangling federal labs appeared first on IPWatchdog.com | Patents & Patent Law.

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