INTELLECTUAL PROPERTY RIGHTS WITHIN THE UNIVERSITY: THE LITHUANIAN AND US EXAMPLES
INTELLECTUAL PROPERTY RIGHTS WITHIN THE UNIVERSITY: THE LITHUANIAN AND US EXAMPLES

Summary/Abstract: The article revises the intellectual property rights within the university, from the perspective of facilitating and commercializing faculty creativity. The objective of the article is to critically asses the state of the US and Lithuanian policies for the intellectual property rights within the university, and producing of proposals for the adjustment of the technology transfer model and increasing the efficiency thereof. Particular focus is given for the so called university technology transfer office practices by providing a glimpse at their practical effects. The experience of the Arizona State University is assessed and compared to the recent Lithuanian initiatives on the matter. The authors conclude that the technology transfer office model is may have unexpected secondary benefits for the universities, however may need to be adjusted in order to address inefficiencies thereof, which are prohibitive for small universities and countries.

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