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University commercialisation prize launched

A new prize competition to identify and promote commercialisation activities at universities has been launched by the Wallace H. Coulter Foundation and the National Science Foundation (NSF), with assistance from the American Association for the Advancement of Science (AAAS).

News of the $400,000 prize, announced on 16 September, came as President Obama signed new patent reform legislation into law that aims to translate ideas of US universities and research labs into products to expand the nation’s economy and create jobs.

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