Howard Lutnick, the Commerce Secretary, suggested that the U.S. government might pursue a portion of the proceeds from patents created at leading universities with federal funding.
White House Eyes University Patents For Federal Profits
Lutnick, in a conversation with Mike Allen on “The Axios Show,” proposed that the Trump administration could seek a share of the profits from patents developed at major universities using federal funding, reported Axios.
He mentioned that the U.S. government has already secured a stake in Intel (NASDAQ:INTC) and a portion of Nvidia‘s (NASDAQ:NVDA) chip sales in China. The next target could be the revenue generated from patents developed at universities with federal funding.
“The scientists get the patents, the universities get the patents and the funder of $50 billion, the U.S. government, you know what we get? Zero.” stated Lutnick.
“America should participate,” he said. “How do we not get our money back? That’s insane.” he added
He also mentioned that the administration has been pressuring colleges on various fronts, including admissions, …
Full story available on Benzinga.com
Howard Lutnick, the Commerce Secretary, suggested that the U.S. government might pursue a portion of the proceeds from patents created at leading universities with federal funding.
White House Eyes University Patents For Federal Profits
Lutnick, in a conversation with Mike Allen on “The Axios Show,” proposed that the Trump administration could seek a share of the profits from patents developed at major universities using federal funding, reported Axios.
He mentioned that the U.S. government has already secured a stake in Intel (NASDAQ:INTC) and a portion of Nvidia‘s (NASDAQ:NVDA) chip sales in China. The next target could be the revenue generated from patents developed at universities with federal funding.
“The scientists get the patents, the universities get the patents and the funder of $50 billion, the U.S. government, you know what we get? Zero.” stated Lutnick.
“America should participate,” he said. “How do we not get our money back? That’s insane.” he added
He also mentioned that the administration has been pressuring colleges on various fronts, including admissions, …
Full story available on Benzinga.com
Howard Lutnick, the Commerce Secretary, suggested that the U.S. government might pursue a portion of the proceeds from patents created at leading universities with federal funding.
White House Eyes University Patents For Federal Profits
Lutnick, in a conversation with Mike Allen on “The Axios Show,” proposed that the Trump administration could seek a share of the profits from patents developed at major universities using federal funding, reported Axios.
He mentioned that the U.S. government has already secured a stake in Intel (NASDAQ:INTC) and a portion of Nvidia‘s (NASDAQ:NVDA) chip sales in China. The next target could be the revenue generated from patents developed at universities with federal funding.
“The scientists get the patents, the universities get the patents and the funder of $50 billion, the U.S. government, you know what we get? Zero.” stated Lutnick.
“America should participate,” he said. “How do we not get our money back? That’s insane.” he added
He also mentioned that the administration has been pressuring colleges on various fronts, including admissions, …Full story available on Benzinga.com Read MoreGovernment, INTC, NVDA, Education, Politics, Markets, INTC, US4581401001, NVDA, US67066G1040, Government, Education, Politics, Markets, Benzinga Markets
