Replicating the Bayh-Dole Model in India: How to adapt to Indian Ecosystem?

Abstract

Under certain terms and conditions, the 1980 statute known as Bayh-Dole permitted small enterprises and non-profit organizations to choose to claim title to innovations that had received government funding. It was passed to offer incentives to encourage the commercialization of technologies supported by federal funding. Even now, the Bayh-Dole Act has had a substantial and long-lasting influence on the American economy and innovation. The Act was passed in 1980, and since then, the U.S. economy has grown by more than $1.3 trillion, more than 4.2 million jobs have been generated nationwide, and more than 11,000 new startups from colleges have found success. Even now, Bayh-Dole promotes American entrepreneurship, strengthening the country's ability for innovation.

In this context, this article discusses the need for Bayh-Dole in the United States and given its success, whether India needs it as well. The article also elaborates upon the protection and utilization of the public-supported intellectual property bill of 2008. The article lastly discusses the concerns with regard to Bayh-Dole in the Indian Ecosystem while elaborating upon the necessary recommendations.