INDIA'S BAYH-DOLE: INDIA'S SCIENTIFIC RENAISSANCE?

The Bayh-Dole Act passed in the US in 1980 provided universities and academic scientists with ownership of their patents and inventions and led to significant wealth creation in the public research sector. An Indian bill modeled on this act is due to be put up for passage in 2009. This bill could reenergize the Indian research enterprise and potentially be the turning point for India's flagging scientific institutions. As in other such endeavors, it promises fond and cautious hope for Indian scientists, and more than a smidgeon of prudence...

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