The federal government may soon finalize guidance that could weaken ownership of intellectual property throughout the U.S. economy. This would affect a huge swathe of industries, among them biotechnology, clean energy, agriculture, and defense.
More specifically, the new guidance would cause companies large and small, as well as their investors, to balk at licensing and developing promising new technologies -- with severe consequences for American innovation.
Shepherding a promising idea from lab to marketplace is already a daunting task, as I know firsthand. My consulting firm, Fuentek, helps universities, non-profit research institutions, and companies turn early-stage discoveries into real-world inventions -- a laborious and risky process known as “tech transfer.” We’ve worked with more than 5,000 technologies in a wide range of industries and facilitated more than 500 tech transfer agreements.
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