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Access through your institution Buy or subscribe We believe that the return on investment for universities' intellectual property is enormous — and not only about the bottom line (see
_Nature_ 501, 471–472; 2013). The 1980 Bayh–Dole Act sparked a revolution in US academic innovation by allowing universities to keep their federally funded intellectual property. This has
led to more licensing income and royalties for inventors, better funding opportunities as a result of wider research collaborations, and an increasingly entrepreneurial academic culture.
Society has benefited from applied research into global challenges, such as health and the environment, from an economy strengthened by licensing revenue and from the well-paid jobs that
have been generated by university start-up companies. This is a preview of subscription content, access via your institution ACCESS OPTIONS Access through your institution Subscribe to this
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support AUTHOR INFORMATION AUTHORS AND AFFILIATIONS * University of South Florida, and National Academy of Inventors, Tampa, USA Paul R. Sanberg & Valerie L. McDevitt Authors * Paul R.
Sanberg View author publications You can also search for this author inPubMed Google Scholar * Valerie L. McDevitt View author publications You can also search for this author inPubMed
Google Scholar CORRESPONDING AUTHOR Correspondence to Paul R. Sanberg. RIGHTS AND PERMISSIONS Reprints and permissions ABOUT THIS ARTICLE CITE THIS ARTICLE Sanberg, P., McDevitt, V. Patents:
Universities profit from products. _Nature_ 502, 448 (2013). https://doi.org/10.1038/502448b Download citation * Published: 23 October 2013 * Issue Date: 24 October 2013 * DOI:
https://doi.org/10.1038/502448b SHARE THIS ARTICLE Anyone you share the following link with will be able to read this content: Get shareable link Sorry, a shareable link is not currently
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