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Bayh-Dole Act and High-Technology Entrepreneurship in U.S. Universities: Chicken, Egg, or Something Else?

This paper reviews the evidence on university-industry interactions and technology transfer, focusing in particular on the role of the Bayh-Dole Act in (allegedly) transforming this relationship. The author also examines recent research that considers the Act’s effects on the formation of new, knowledge-based firms that seek to exploit university inventions.