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  <title><![CDATA[Georgia Tech Celebrates 786 Patents Thanks to Tech  Transfer Law]]></title>
  <body><![CDATA[<p>The Georgia Institute of Technology celebrates this month the 30th anniversary
of the Bayh-Dole Act, landmark federal legislation that has driven Tech’s innovation
from campus to the marketplace.</p>

<p>Since the law’s passage in
December 1980, Georgia Tech has secured 786 patents and 592 active licenses for
innovative devices and products, widely disseminating the benefits of the
Institute’s discoveries.</p>

<p>“The Bayh-Dole Act allowed
universities to own the intellectual property developed through federally
sponsored research to both facilitate innovation and to create new economic
development opportunities,” said Stephen Cross, executive vice president for
research at Georgia Tech.</p>

<p>Adopted in 1980, the
Bayh-Dole Act gave universities, as well as small businesses and non-profits, ownership
of the innovations that result from federally funded research.&nbsp; The bill encouraged Georgia Tech and other research
institutions to patent their inventions, license the findings to companies, create
goods and services for the market and share the royalties with the inventors.</p>

<p>The Georgia Tech Research
Corporation (GTRC) was established to advance research and technology at the
Institute and encourage entrepreneurship through its stewardship of funds.
Through technology transfer, GTRC enables the Institute to maintain beneficial
partnerships with public and private sectors in research and technology.</p>

<p>Following are some of Georgia
Tech’s notable startups and technologies under the Bayh-Dole Act:</p>

<ul><li>CardioMEMS Inc.
is a medical device company formed around microelectromechanical systems technology
licensed from the Georgia Tech Research Corporation and MIT in 2001. CardioMEMS
has developed multiple wireless sensing and communication devices designed to
improve the management of cardiovascular diseases such as heart failure,
hypertension and aneurysms. </li></ul>

<ul><li>MedShape Solutions
is dedicated to restoring human motion by innovating unique shape memory
orthopedic devices. By using shape memory devices, surgeons are able to use smaller
incisions, complete stronger surgical repairs and promote faster healing of
damaged bones and tissues.</li><li>Nyloboard uses
100 percent recycled carpet fibers and no wood in manufacturing, which means
less carpet ends up in landfills. Studies by the EPA show that 4 billion pounds
of carpet are being dumped into the nation's landfills annually. Unlike
pressed-wood products such as particleboard and fiberboard, Nyloboard
contributes no pesticides or chemicals to contaminate soil and water.</li><li>Behavior Capture use small
cameras placed in a child’s environments to observe and analyze activities that
may trigger a behavioral episode in children with autism. Specialists use the
video to understand the underlying cause of the behavior and tailor therapies
accordingly.</li></ul>

<p>Georgia Tech has been able
to recruit top tier faculty and secure increasing levels of sponsored funding thanks
in part to the Bayh-Dole Act. &nbsp;In fiscal
2010, Georgia Tech received $557.8 million in sponsored awards, a milestone for
the Institute.</p>

<p>&nbsp;</p>]]></body>
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      <value>2010-12-13T00:00:00-05:00</value>
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      <value><![CDATA[The Georgia Institute of Technology celebrates this month the 30th anniversary of  landmark federal legislation that has driven innovation from campus to the marketplace.]]></value>
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      <value><![CDATA[<p>Since
the law’s passage in December 1980, Georgia Tech has secured 786 patents and
592 active licenses for innovative devices and products, widely disseminating
the benefits of the Institute’s discoveries.&nbsp;</p>]]></value>
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            <title><![CDATA[Tech Tower]]></title>
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      <email><![CDATA[liz.klipp@comm.gatech.edu]]></email>
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      <value><![CDATA[<p><strong>Georgia Tech Media Relations</strong><br />Laura Diamond<br /><a href="mailto:laura.diamond@comm.gatech.edu">laura.diamond@comm.gatech.edu</a><br />404-894-6016<br />Jason Maderer<br /><a href="mailto:maderer@gatech.edu">maderer@gatech.edu</a><br />404-660-2926</p>]]></value>
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