In 2008, the Government of India had introduced the Protection and Utilisation of Public Funded Intellectual Property (PFIP) Bill. The PFIP Bill, modelled on the American Bayh-Dole Act of 1980 that has been described as ‘innovation’s golden goose’,57 aimed to catalyse commercialisation of publicly funded research and creation of incentives for technology entrepreneurship in academia. The Bill was withdrawn in 2014, but there is a strong case for reviving it and for changing it as needed.58
