Stevenson–Wydler Technology Innovation Act of 1980
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The Stevenson–Wydler Technology Innovation Act of 1980 (Pub.L. 96–480) (94 Stat. 2311) was the first major U.S. technology transfer law. It required federal laboratories to actively participate in and budget for technology transfer activities.
Quick Facts Long title, Enacted by ...
Long title | An Act to promote United States technological innovation for the achievement of national economic, environmental, and social goals, and for other purposes. |
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Enacted by | the 96th United States Congress |
Effective | October 21, 1980 |
Citations | |
Public law | Pub. L.Tooltip Public Law (United States) 96–480 |
Statutes at Large | 94 Stat. 2311 |
Codification | |
Titles amended | 15 U.S.C.: Commerce and Trade |
U.S.C. sections created | 15 U.S.C. ch. 63 |
U.S.C. sections amended | Chapter 63 § 3701 |
Legislative history | |
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The Stevenson–Wydler Technology Innovation Act was signed into law by U.S. President Jimmy Carter on October 21, 1980.[1]
The Stevenson–Wydler Act specifies, that inventors at government laboratories receive the first $2,000 of royalties each year plus 15% of any additional royalties.[2] Such details are in contrast with the Bayh–Dole Act, which leaves up to the universities the decision how to split the revenue between the inventors and the institution.[3]