This is a very interesting article by David Kappos (IP attorney and director of the USPTO). Intellectual Property, especially patents, is a critical foundation of the US economy and of our entrepreneurial proficiency.
But we shouldn't take it for granted.
That's why some of the IP, Hi-Tech companies have joined together into an American alliance of innovation: Partnership for American Innovation http://partnershipforamericaninnovation.org/.
Companies need to take advantage of IP and use it aggressively both domestically and abroad. Especially if we are in the US where we do have strong rule of (IP) law. We must avoid allowing countries with lax IP laws to overrun us on our own strengths, our strengths to innovate.
We need to aim for Perpetual Innovation(tm). Hall & Hinkelman talk about Perpetual Innovation(tm) in their 2013 book on Patent Commercialization argue that many companies are broken-as-designed. They are not designed around managing their intellectual assets; they still operate as if most of their assets and most of their value comes from physical assets.
The US Patent system may not be broken, but many companies are. And IP is a critical part of all innovation and the pipeline of new products.
patent commercialization and enduring competitive advantage, Version 2.0.
Morrisville, NC: LuLu Press. Retrieved from: http://www.lulu.com/spotlight/SBPlan
Patents, the great equalizer of our time! An overview of intellectual property
with patenting cost estimates for inventors and entrepreneurs. Morrisville, NC: LuLu Press. Retrieved from: http://www.lulu.com/spotlight/SBPlan
(or Kindle at http://tinyURL.com/IPPrimer2)
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