Archive for AUTM

Promoting Innovation is now even more Important

Posted in Uncategorized with tags , , , , on March 5, 2009 by lmdiorio

At the end of February the Licensing Executive Society (LES) submitted a letter to the Obama administration promoting and supporting innovation as an economic engine.  The letter can be seen here.

I am a huge supporter of the efforts made by LES, AUTM and others in the promotion of innovation.  As stated in the letter, support for where there is innovation is truly “a sound system” for protecting the economy and as a result  “economies are robust and the quality of life is high.”  An important aspect of innovation is the protection of Intellectual Property (IP), however it is not the only element.   Innovation is mandated and empowered by the Constitution, granting rights to the inventors in order to experience exclusivity and in exchange society benefits both through quality life improvements and economics.  My field, technology transfer, focuses not solely on IP rights but mainly on commercialization supporting these 2 elements.

Need I remind you that we are in tough economic times right now, yet there are important initiatives that need to be maintained in order to support and promote innovation.  It is required that the systematic laws ensure that technology is brought from the “lab bench” to the marketplace.  LES calls for 3 main IP related initiatives that I too encourage: (1) provide gap funding for critical technology development, (2) preserve IP policies that promote both innovation and competition, and (3) support greater access to public and privately developed technology.

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