Wednesday, October 17, 2018
University of Oklahoma President James Gallogly identified what he feels is the one big thing that could help fuel the Innovation District’s growth.
Speaking at last month’s Greater Oklahoma City Chamber annual Health Center Breakfast, Gallogly said there needs to be an update to the state’s laws regarding intellectual property development on university campuses.
Currently, a private company can fund research at a university campus. But the campus is state-owned, so the intellectual development is also state-owned. The only body that can sell state property is the State Legislature. While the university can lease the intellectual development back to the company, the company effectively pays twice for research, making it expensive.
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