With the increases in funding in the federal budget, U.Va. has the potential to double its total research dollars in the short term. Patent Foundation must continue to expand to provide adequate service as activity increases. Educate graduate students about IP . Graduate students need familiarity with Bayh-Dole Act, patent and copyright processes, licensing, material transfer agreements, industrial research contracts. Develop relationship between Darden School faculty and scientific research faculty .
Darden faculty can help researchers understand how to develop and fund a start-up company.
Support expansion of research administration . Need additional staff for corporate research contract negotiation. Support continued expansion of Patent Foundation programs and services . Building a cultural continuum between the academic and commercial sectors should be a key part of University's long-range plan for science and technology.