From the Alliance

Nov. 21, 2014

Innovation Alliance Blog Post: Innovation Nation – Intellectual Property & The Global Economy


The U.S. patent system has been a source of innovation and job creation for well over 200 years. To paraphrase Abraham Lincoln, the patent system has added the fuel of interest to the fire of genius.

In a world filled with rapidly growing developing economies, it is American innovation and the U.S. patent system that protects that innovation that keeps us competitive.

But this system is under attack today by those who think that intellectual property protections have no place in the modern economy and who would argue that patents serve as barriers to innovation.

The Innovation Alliance stands with independent inventors, universities, tech companies and entrepreneurs who are working hard to educate policymakers and other stakeholders on how important patents truly are to the U.S. economy and our standing as a leader in global innovation.

To this end, the Innovation Alliance and Bloomberg Government brought together leaders in government, businesses and members of the IP community on November 20, 2014 in Menlo Park, California to discuss the global economic impact of intellectual property. During Innovation Nation: Intellectual Property and The Global Economy distinguished panelists called for a patent reform debate based on facts and data, not on spin, politics and money. Participants also urged that any changes made to patent laws target real abuses and not undermine the system that has served as the driver of American economic growth.

For highlights from the event, visit Bloomberg Government here.