Close Menu

    Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’ | San Francisco

    UK school leavers and new students to be offered meningitis B vaccine | Vaccines and immunisation

    Trump Claims Deal With Iran is Close and Retracts Threat to Attack

    Facebook X (Twitter) Instagram
    Facebook X (Twitter) YouTube LinkedIn
    Naija Global News |
    Friday, June 12
    • Business
    • Health
    • Politics
    • Science
    • Sports
    • Education
    • Social Issues
    • Technology
    • More
      • Crime & Justice
      • Environment
      • Entertainment
    Naija Global News |
    You are at:Home»Education»Commerce Sec. Wants Half of University Patent Money
    Education

    Commerce Sec. Wants Half of University Patent Money

    onlyplanz_80y6mtBy onlyplanz_80y6mtSeptember 11, 2025002 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Email
    Commerce Sec. Wants Half of University Patent Money
    Share
    Facebook Twitter LinkedIn Pinterest Email

    A university group warned that the proposal would stifle the U.S. innovation pipeline and hurt the American public.

    Commerce Secretary Howard Lutnick told Axios he wants the federal government to get half the dollars generated from patents that universities and their researchers develop with federal funding, the outlet reported Wednesday.

    “The scientists get the patents, the universities get the patents and the funder of $50 billion, the U.S. government, you know what we get? Zero,” Lutnick says in an interview clip from the forthcoming first episode of The Axios Show.

    “I think if we fund it and they invent a patent, the United States of America taxpayer should get half the benefit,” Lutnick says, adding, “if we are paying for the research, if we’re paying for the lab, if it’s our money, the American taxpayer’s money.”

    “How do we not get our money back?” he says. “That’s insane.”

    As Axios noted in its article about the interview, the Bayh-Dole Act generally gives universities the right to own patents developed with federal funding. The Commerce Department didn’t return requests for comment Wednesday about how the Trump administration could legally get around that law.

    Kate Hudson, the Association of American Universities’ deputy vice president and counsel for government relations and public policy, said in an email that Lutnick’s idea “would completely gut universities’ ability to partner with the private sector to turn research discoveries into real-world technologies, cures, and solutions that serve the American people.”

    “The proposal would obliterate the progress that university tech transfer has enjoyed in the 45 years since the passage of the seminal Bayh-Dole Act, which facilitated new university-industry partnerships and led to an explosion of technological progress and substantial economic gains,” Hudson said. “If enacted, the proposal would stifle the U.S. innovation pipeline, with the American people, not universities, being the ultimate losers.”

    Commerce money Patent sec University
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleBritain should work with Nato on new missile defence system to counter Russia, experts say | Defence policy
    Next Article French lawmaker calls for criminal inquiry into TikTok’s effect on children | France
    onlyplanz_80y6mt
    • Website

    Related Posts

    Read the Charges Against 8 People Connected to the University of Michigan

    June 10, 2026

    ‘It’s taking all of our money’: truck drivers in Iowa lament gas price surge sparked by Trump’s Iran war | Iowa

    May 24, 2026

    Elon Musk settles SEC lawsuit over Twitter purchase and agrees to pay $1.5m fine | Elon Musk

    May 4, 2026
    Add A Comment
    Leave A Reply Cancel Reply

    Top Posts

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views

    A Setback for Maine’s Free Community College Program

    June 19, 20251 Views
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews

    At Chile’s Vera Rubin Observatory, Earth’s Largest Camera Surveys the Sky

    By onlyplanz_80y6mtJune 19, 2025

    SpaceX Starship Explodes Before Test Fire

    By onlyplanz_80y6mtJune 19, 2025

    How the L.A. Port got hit by Trump’s Tariffs

    By onlyplanz_80y6mtJune 19, 2025

    Subscribe to Updates

    Get the latest tech news from FooBar about tech, design and biz.

    Most Popular

    Watch Lady Gaga’s Perform ‘Vanish Into You’ on ‘Colbert’

    September 9, 20251 Views

    Advertisers flock to Fox seeking an ‘audience of one’ — Donald Trump

    July 13, 20251 Views

    A Setback for Maine’s Free Community College Program

    June 19, 20251 Views
    Our Picks

    AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’ | San Francisco

    UK school leavers and new students to be offered meningitis B vaccine | Vaccines and immunisation

    Trump Claims Deal With Iran is Close and Retracts Threat to Attack

    Recent Posts
    • AI wealth boom sending San Francisco home prices surging: ‘It’s ridiculous’ | San Francisco
    • UK school leavers and new students to be offered meningitis B vaccine | Vaccines and immunisation
    • Trump Claims Deal With Iran is Close and Retracts Threat to Attack
    • SpaceX heads for record $1.78tn float amid fears it is overvalued | SpaceX
    • Bananas could vanish from US school meals. Here’s why | Children’s health
    © 2026 naijaglobalnews. Designed by Pro.
    • About Us
    • Disclaimer
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions

    Type above and press Enter to search. Press Esc to cancel.