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Science Quickly

Smarter Management Means More Inventions Get to Market

Science Quickly

Scientific American

Science

4.2639 Ratings

🗓️ 6 December 2017

⏱️ 3 minutes

🧾️ Download transcript

Summary

Rosemarie Truman, CEO of the Center for Advancing Innovation, says a better system of governance for federally funded inventions could lead to many more good ones becoming commercialized.   Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Understanding the human body is a team effort. That's where the Yachtel group comes in.

0:05.8

Researchers at Yachtolt have been delving into the secrets of probiotics for 90 years.

0:11.0

Yacold also partners with nature portfolio to advance gut microbiome science through the global grants for gut health, an investigator-led research program.

0:19.6

To learn more about Yachtolt, visit yawcult.co.j.p.

0:23.9

That's y-A-K-U-L-T dot-C-O-J-P.

0:28.4

When it comes to a guide for your gut, count on YacL.

0:33.5

This is Scientific Americans' 60-second science. I'm Steve Merski.

0:38.3

In the United States, we spend about $160 billion a year on R&D.

0:42.3

And so over the last seven years, we've spent about a trillion dollars.

0:46.3

With about 250,000 inventions that are sitting on the shelf that have more than 13 years of patent life,

0:52.3

and only 0.5 to 0.7% of the inventions that are

0:56.6

federally funded get out a year. So what does that mean get out, that they're actually

1:00.6

commercialized? They're found, and then they're commercialized. Rosemary Truman, founder and CEO of

1:05.8

the Center for Advancing Innovation, a Washington, D.C. based nonprofit. She spoke at the first Science Meets

1:12.6

Congress event on November 15th on Capitol Hill. Scientific American and Nature Research partnered

1:18.8

with California Congressman Jerry McNerney, he has a doctorate in math, by the way, to host

1:23.7

the session, which focused on energy solutions for a sustainable future.

1:28.2

So some of the challenges that we have are, first of all, finding these inventions.

1:32.2

So I just mentioned the ones that are patented, so you can find them through the USPTO,

1:37.0

but they're about five times to ten times the amount that are not patented, that are not disclosed.

1:42.1

So the energy efficiencies and tools of the future

1:45.1

could be sitting there on the shelf, either patented or not. You know, what I think our big

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