ABSTRACT
University-Industry Technology Transfer (UITT) has been integrated into the US federal economic policy since 1980 when the Bayh-Dole Act was passed, and, under the Bayh-Dole Act, Technical Licensing Organizations (TLOs) were established to play an important role as UITT intermediaries in the US. The US economy has experienced prosperity in the 1990s because the above-mentioned new economic policy had created new high-tech industries such as information and communication technology (ICT) and bio-technology (BT) successfully.1 This was the miraculous economic revival from the severe economic situation in the 1970s when the US struggled against stagflation.
