New Delhi (PTI): Scientists conducting research using public funds may soon get a share in the intellectual property rights for their discoveries and inventions.

The Union Cabinet tonight approved the Public Funded Research and Development (Protection, Utilisation and Regulation of Intellectual Property) Bill which may facilitate scientists getting a share in the IPRs of their inventions and discoveries, sources said.

The Bill is based on the lines of the Bayh-Dole Act in the US which spurred applied research in American universities.