Archive for IP

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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Technology Development

Posted in Uncategorized with tags , , on November 21, 2008 by lmdiorio

Great posting on the The ChamberPost today regarding the Gang of 31 and the repercussions of the adoption of their proposals by the Obama administration.  Check out this excerpt and link to the full article here:

Disincentives to Develop New Technologies

It has been repeatedly proven, in energy and other sectors, that a lack of protection for intellectual property rights acts as a disincentive to further research and development.  A balance must therefore be achieved between patents and developing nation access to climate-related technologies to facilitate technology transfer to developing nations.  These groups are simultaneously asking the U.S. to re-engineer its economy to address climate change while also demanding that the U.S. and other developed countries give away any real economic value such re-engineering would generate.

IP Legislation and Economic Growth

Posted in Uncategorized with tags , , , , on November 12, 2008 by lmdiorio

Here is a great article citing Senator Voinovich on Intellectual property rights and how they are designed to help protect and create opportunities in the US economy via The Chamberpost.  Some key points are below.  I actually wrote my Masters degree thesis on Intellectual Property Rights and their effect on the Global Economy and Entrepreneurship.

Legislation designed to help protect and create U.S. Jobs

“…IP theft is a substantial and growing economic threat, with American companies losing an around $250 billion dollars a year to IP theft — and American workers losing an about 750,000 jobs. The U.S. Chamber of Commerce has estimated that the U.S. auto industry could hire 200,000 more workers if the sale of counterfeit auto parts were eliminated. Imagine that: 200,000 more good-paying jobs.

IP theft is no longer limited to knock-off handbags and pirated DVDs. Counterfeit medicine, baby formula, airplane parts and brake pads infiltrate store shelves and put Americans at risk every day. It seems that almost weekly there is another news story about fake products being sold to unwitting consumers.

America’s competitive edge is derived from innovation and rising productivity, and the protection of our intellectual property remains one of the best means for ensuring that American manufacturers enjoy the benefits of their investments. For the past four years, I have worked tirelessly to ensure that the products made from American innovation are not illegally copied….

…We are facing many daunting challenges as a nation — but none is bigger than turning around our economy, growing jobs and helping people survive day to day. And I am doing everything in my power to put Ohio first in line for the jobs of the future.”