Showing posts with label Howard Lutnick. Show all posts
Showing posts with label Howard Lutnick. Show all posts

Sunday, September 28, 2025

Trump administration wants cut of universities’ patent revenue: Lutnick; The Hill, September 10, 2025

LEXI LONAS COCHRAN , The Hill; Trump administration wants cut of universities’ patent revenue: Lutnick

"Commerce Secretary Howard Lutnick indicated the Trump administration is looking to take a cut of the revenue generated by university patents developed through federally funded research.

Lutnick in an interview with Axios published Wednesday discussed taking a portion of revenue from the patents, arguing it is unfair for the government to give universities the money with no finanical return...

The original purpose of universities maintaining full ownership of patents was to incentivize the quick development of new technologies. And while most universities seek to commercialize patents, they generally would make more money by writing grants, according to a 2024 study cited by Axios."

Sunday, August 10, 2025

Trump threatens Harvard patents worth hundreds of millions; Politico, August 8, 2025

  JUAN PEREZ JR., Politico; Trump threatens Harvard patents worth hundreds of millions


[Kip Currier: Trump's unsubstantiated and unwarranted threats to seize Harvard's patents look like another tactic out of Hungarian strongman Viktor Orban's road-to-authoritarianism break-the-universities playbook.

Stand tough, Harvard!]


[Excerpt] 

"The Trump administration is threatening the status of Harvard University’s lucrative patents as it continues to engage in hardball negotiations with the Ivy League school.

Commerce Secretary Howard Lutnick declared Friday that the administration is launching an immediate review of the intellectual property Harvard has derived from federally funded research grants, in what amounts to yet another display of White House power over higher education institutions...

The university defended its research enterprise and denounced the Trump administration’s tactic on Friday.

“This unprecedented action is yet another retaliatory effort targeting Harvard for defending its rights and freedom,” a university spokesperson said in a statement to POLITICO. 

“We are fully committed to complying with the Bayh-Dole Act and ensuring that the public is able to access and benefit from the many innovations that arise out of federally funded research at Harvard.”