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10 sats \ 4 replies \ @Undisciplined 25 Apr \ on: US universities lose millions of dollars chasing patents, research shows science
Congrats on getting the patent, but this is just more evidence demonstrating that IP is an inefficient institution.
For sure. This was in the context of an American collaboration. When working with Europeans, the question of applying for a patent never comes up. I guess most universities in the US hire people to help researchers finalize the paperwork, so in a sense, they need to justify their existence within the university by getting researchers to apply regularly for patents. It's self-sustainable. Just some more research money used inefficiently.
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Patents are a large source of funding for many schools. I suppose more explicitly state funded schools have less need for that.
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Many corporations, too. They effectively become trading assets or bargaining chips.
I remember once being involved in an internal hackathon where one of the top criteria for determining a winner was whether the project was patentable.
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I wonder, where do they use the research funds?
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