NATIONAL SYSTEM OF INNOVATION AND THE LAW OF INNOVATION: COMPARATIVE ANALISYS BETWEEN THE BAYH-DOLE ACT AND THE BRAZILIAN INNOVATION LAW
Keywords:
Innovation Law, Bayh-Dole Act, innovation, innovation systems, universities, patents, Transaction Cost Theory, Scientific Commons.Abstract
The Innovation Act in Brazil completes 10 years in 2014 and literature suggests that the American law of innovation, the Bayh-Dole Act of 1980, inspired the LIT. This article compares the impact on patent production by universities in Brazil, US and Europe. The European model was considered due to the public nature of their universities, in general, as well as for inspiring their Innovation Laws on the BDA. In the light of the Transaction Costs Theory and the principles of Scientific Commons, this article evaluates transaction costs of patent production and the economics of patenting with public funds.
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