The Bayh-Dole Act, passed in 1980, let universities and nonprofits own, patent, and commercialize inventions developed using federal grant money, rather than that ownership defaulting to the government. This shifted incentives toward institutions and researchers turning federally funded discoveries into marketable products, and is credited with helping birth the modern biotech industry and university tech transfer offices.
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1:06:03Um, both of those achievements won him the 2012 Nobel Prize in physics. >> We are going to fast forward. Apparently, nothing interesting happened in 1979. >> Yeah, tell me in the comments if something interesting happened in 1979. I can find anything. >> Uh, we're moving to 1980. uh the Bay Doyle Act. >> Yeah. Um this was a monumental legislation. It allowed universities and nonprofits to own, patent, and commercialize inventions that they had created using federal grant money. So if I get a federal grant and I discover something, I can now own it as a university and license it out. Um it shifted ownership away from the government and essentially birthed
1:06:45modern biotech and the university tech transfer offices that >> is now it you know encourages now the universities and the individual players to start >> to start >> making money >> building >> and building >> and building things that we can use and love. We have a quantum computing story for 1980 to 1981 the foundations of quantum computing Beni off and Fineman. >> Yes. So Paul Beni off established a theoretical quantum touring machine. The touring machine is something that we covered in part one where Alan Turing had figured out anything that is that can be done on any computer can be done on a simple touring machine that reads and writes stuff. Um he developed the