this post was submitted on 31 Oct 2024
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First of all, they don't, that's how publicly funded R&D works, the IP is shared, or licensed, but the product is owned.
Have you never read about actual patent licensing for places like Stanford and MIT? How do you think those work? The professors license the patents on behalf of the schools and either get a share, or in exchange for grants.
This model works, and has worked pretty well, it's why we rocked all research for decades.
Stanford and MIT are private institutions...
Yeah no shit, american taxpayer is paying for a lot of base research while not getting any return for their investments beyond jobs and ability to buy products from some rent seeker.
That doesnt feel very capitalist to me.
Sorry, public universities get into the act too:
https://www.buffalo.edu/tcie/grow-your-business/collaborate/research-partners.html
Oak ridge is a partnership with UTK, and one of the few ways to get literate people into Tennessee. Sandia is the same, mostly funded by private corporations or the military/DOE.
Berkeley is too, we got mips and a ton of other stuff out of that.
You're upset they don't profit more, then demand a bigger share from licensing!
They don't demand more because the administrators are corrupt as all fuck, and take small rewards in exchange for selling the larger ones, but even UT has a ton of money coming in from profit sharing, and most decent research universities do.
I'd love to see us cut tuition by making universities more reliant on research and/or alumni funding, they'd end up focusing on things that lead to successful student outcomes.