The Health Of Innovation And Entrepreneurial Activities At Johns Hopkins

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On October 21, 2014, University leadership requested a report that evaluates the health of innovation and entrepreneurial activities at Johns Hopkins and contains recommendations for how to strengthen activities. This report contains a review of the types and developmental stage of technologies that are present at the University, resources that currently exist to support entrepreneurial success among researchers, as well as recommendations for how to move forward to strengthen our current system and increase our high-value technology offerings. In preparing this report, multiple sources were engaged to get a holistic view of the shortcomings to inform my recommended solutions. First, I researched historical expenditures and licensing…show more content…
In brief, I believe that the University must establish a healthy and supportive ecosystem of innovation that spans the entire Johns Hopkins institution. II. Background & Research Over the past several years, many, if not all, academic research institutions have felt the pinch of declining federal dollars towards basic science research. The primary federal U.S. funder of biomedical research is the National Institutes of Health (NIH). However, the NIH budget is not what it used to be; the budget has decreased by more than 20 percent since 2004 immediately preceding an upward boom from 1998 to 2003 (NPR, 2014; graph in Appendix A). In 2012, approximately 16 percent of scientists with large NIH grants lost them the following year which left about 3,500 U.S. scientists, including researchers at Johns Hopkins University, in need of alternative sources of funding (NPR, 2014). In 1980, a congressional act, the Bayh-Dole or Patent and Trademark Law Amendments Act, granted academic research institutions the right to patent protect novel discoveries and

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