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Fortune
Fortune
Almesha L. Campbell

Biden voted for the Bayh-Dole Act 44 years ago–but the administration's plans to reinterpret it could undermine decades of world-leading U.S. innovation

Historically Black Colleges and Universities (HBCUs) could soon become even bigger innovation hubs, thanks to measures advanced by Senator Raphael Warnock (D-Ga.). He recently introduced a bill to ensure that land-grant HBCUs receive fair funding, and last year, he fought to fund these institutions in the CHIPS and Science Act.

His actions could help HBCUs foster scientific innovations that become real-world products. But whether the schools will be able to take advantage of the new opportunities depends on a process known as "technology transfer," which brings promising breakthroughs out of university labs to everyday consumers. The Google search algorithm, the nicotine patch, and the Honeycrisp apple are just a few of the myriad innovations to come out of this process.

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