Researchers at universities, hospitals, and other institutions generate groundbreaking inventions that not only save lives, but improve the way we live, work, and play on a daily basis. Technology transfer is the process by which these inventions are transformed into products in the marketplace. Learn more about how technology transfer benefits you in this video narrated by Jane Muir, Director of the Innovation Hub at UF, 2014 President of the Association of University Technology Managers.
University tech transfer offices such as UF OTL were created in the wake of the 1980 Bayh-Dole Act, which fundamentally changed the way America develops technologies from federally funded university research, enabling universities, nonprofit organizations and small businesses to retain title to inventions made under federally funded research programs. The underlying principle of Bayh-Dole was to move university research discoveries to the market in order to improve the human condition.