Part 3 of this course dives into the critical aspects of compliance and best practices that ensure the effective management and commercialization of federally funded inventions.

Module 8: Reporting and Recordkeeping focuses on the various reporting requirements, from initial invention disclosures to annual utilization reports, with an emphasis on meticulous recordkeeping. This module equips you with the knowledge and tools to manage these demands efficiently, ensuring transparency, accountability, and maximizing public investment returns.

Module 9: Confirmatory Licenses, Government Support Clauses, and Close-out Reports explores the vital role of confirmatory licenses and government support clauses in federally funded research. Additionally, you'll gain insights into the latest utilization reporting requirements introduced in 2023, focusing on detailed reporting of commercialization and manufacturing processes.

By completing Part 3, you'll be empowered with a comprehensive understanding and practical skills to navigate the compliance landscape of the Bayh-Dole Act. This ensures your institution can effectively manage federally funded inventions, fulfill legal obligations, and maximize the societal and economic impact of innovative research.