In anticipation of the passing of a major R & D bill by the Indian Parliament, often referred to as the “Indian Bayh-Dole Act,” and just before the Association of University Technology Managers (AUTM) convened for its 2010 Annual Meeting, AUTM signed, on March 17, 2010, a memorandum of understanding (MOU) with the Society for Technology Management (STEM) Professionals in India.
Aware of the great impact of the Bayh-Dole legislation on U.S. universities and research institutions, AUTM and STEM hope that collaboration between the organizations will greatly support and benefit technology transfer practitioner as the new legislation comes into effect.
AUTM is a U.S. based nonprofit organization with an international membership of more than 3,000 technology managers and business executives. AUTM members come from more than 300 universities, research institutions and teaching hospitals as well as numerous businesses and government organizations.
STEM is a nonprofit organization that has played an important role by creating a facilitating environment for the adoption of successful technology processes in India and other countries in its region. It was launched in 2005 by a group of professionals working in technology management, intellectual property management and technology transfer with the support of AUTM.
In his departure speech, the departing President of AUTM noted that, as AUTM members strive to enhance technology transfer globally, it is an exciting partnership for AUTM. The President of STEM and a member in AUTM noted that this MOU is “a major step toward enhancing growth through sustainable technology transfer in India.”
The MOU calls for both organizations to develop training programs for technology transfer professionals in India. Among the discussed proposals, AUTM and STEM consider to design a framework for technology transfer professionals from India to come for fellowships in U.S. institutions. Furthermore, AUTM intends to help STEM to establish guidelines for protecting and licensing of intellectual property developed by public and academic institutions.