be allowed to make their findings open source

Although researchers will be allowed to make their findings open source, the contract obtained by BuzzFeed News reveals that the tax exempt charity has also retained the right to commercialize any discovery it funds.A few charitable organizations, like the Bill and Melinda Gates Foundation, open up all research they fund to unrestricted access and reuse by the public. But the Biohub’s structure which would allow it, for example, to license discoveries to a pharmaceutical company is far more typical, intellectual property experts say.Other successful nonprofit academic research centers with this model include the Broad Institute in Massachusetts and the Gladstone Institutes in San Francisco, both of which were also founded with large private donations.»I think the structure of this agreement and who’s on board and how much each side seems to be willing to pitch in is a signal that the Hub is really going to be huge. It’s not going to be some fly by night thing,» said Jacob Sherkow, a New York Law School associate professor who specializes in biotechnology patent law and reviewed the document for BuzzFeed News.»Whether or not it meets a goal of curing all diseases within our lifetime, that remains to be seen,» Sherkow added.

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