Let me put it bluntly:
Before the enactment of the Bahr-Dole Act, the patent rights generated by government-funded scientific research projects have always been owned by the government. Less than 5% of the patented technology has been transferred to the industrial field for commercialization.
After the implementation of Bayh-Dole Act, enterprises can pay a down payment for the right to use patents, turn patents into commodities, and then share profits with the government.
This enables the private sector to enjoy the patent rights of federally funded scientific research results, thus generating a strong impetus to promote the transformation of scientific research results. The success of this Act lies in that through reasonable institutional arrangements, it provides effective institutional incentives for the tripartite cooperation among the government, scientific research institutions and industry, as well as the commercial application of government-funded R&D achievements, thus accelerating the pace of industrialization of technological innovation achievements, enabling the United States to continue to maintain its technological superiority in global competition and promote economic prosperity.