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."
