The Promise and Perils of Tech Transfer

About 25 years ago, Congress encouraged universities to commercialize federally funded research by allowing both schools and scientists to profit when they patented discoveries and licensed them to private firms.
This week, hundreds of top university officials will gather in San Francisco as the Association of University Technology Managers meets to mull the promise and perils of this process known as technology transfer.
To Bay Area residents, tech transfer is as familiar as the myth of Silicon Valley: Take knowledge, add capital and create startups.
"This is not only good for the country, this is good for the communities around the universities,'' said John Fraser, president of the association and director of tech transfer at Florida State University.

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