The Faculty yesterday discussed for the first time what role the University should play in the commercial development of scientific discoveries made at Harvard.
Noting that the government recently urged universities to take a more active role in transferring discoveries to the marketplace, President Bok said Harvard's participation in that process could be "a possible way of increasing funds available to the University--provided we can do so in a manner consistent with our academic purposes and goals."
Bok listed three ways in which the University could become more actively involved in the adaptation of discoveries for commercial use:
identify patentable ideas and make sure they are patented and developed;
participate in a joint agreement with a company that develops scientific discoveries;
or take part directly in the commercial development of a discovery made by a Harvard researcher and for which the University holds the patent.
Noting that the Faculty Council considered the issue at its last two meetings, Dean Rosovsky said, "I share the Faculty Council's concerns about the whole issue. It is not simple; it is very messy. It presents dangers."
But Rosovsky added that the University "would be wise" to continue looking into technology transfer partly because there is "no doubt of the need of the Faculty to develop alternative sources of income."
Although he said that participation in ventures to develop discoveries "will certainly not cure the financial problems" of the Faculty, Rosovsky added that he believes it would be irresponsible not to investigate the opportunities.
Read more in News
A Well-Loved, Well-Attended EventRecommended Articles
-
Bok: Medical Fund Includes SafeguardsPresident Bok yesterday said he felt confident that the Medical School's new $30 million venture capital program will not jeopardize
-
AIDS Researchers Tout SuccessesThe Harvard AIDS Institute announced last week that its scientists have achieved two breakthroughs in the battle against HIV subtype
-
The Great Patent GrabLarge sums of federal research money pour into Harvard annually, financing everyone from accelerator specialists to zoologists. The recipients hire
-
Nobel Prizes in Medicine AwardedSTOCKHOLM, Sweden--American researchers Gertrude Elion and George H. Hitchings and Sir James W. Black of Great Britain won the 1988
-
Leakey's Ancient VisionsOver the past decade, new discoveries of ancient human and pre-human fossils in Africa are forcing paleontologists and anthropologists to
-
Making Research PayThe Faculty this week began a debate that will go on for a long, long time. At its first meeting