Biotechnology Industry Organization
BIO Releases New Study Showing Industry/University Partnerships Critical to U.S. Economy
Published in Lab Business Week, November 15th, 2009
A study released by the Biotechnology Industry Organization (BIO) provides first-of-its-kind data on the importance of university/industry research and development partnerships to the U.S. economy. The study of university technology licensing from 1996 to 2007 shows a $187 billion dollar positive impact on the U.S. Gross National Product (GNP) and a $457 billion addition to gross industrial output, using very conservative models.
"It has long been believed that the Bayh-Dole Act, which permits and encourages industry to partner with research universities to turn federally-funded basic research into new and valuable products, is a critical factor in driving America's...
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Source: Lab Business Week (2009-11-15)
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