(The Hill) - 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 scientists get the patents, the universities get the patents and the funder of $50 billion, the U.S. government, you know what we get? Zero," the Trump Cabinet member told Axios's Mike Allen.
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 commericalize patent