13 November 2017
Chicago
Reporter: Barney Dixon

US prosperity damaged by weakened IP, says IPAS keynote speaker


Intellectual property has always been a key element in supporting US prosperity, but recent court decisions and the introduction of the America Invents Act have led to a weakened IP system in comparison to foreign rivals, according to David Teece, director of the Tusher Center for Intellectual Capital Management, UC Berkeley-Haas.

In his keynote speech at the Intellectual Property Awareness Summit (IPAS) in Chicago on 6 November, Teece said that the environment for licensing, essential to the future of US prosperity, is slipping away.

He explained: “Large vertically integrated companies are not always the ideal business model for technology development today. If the licensing model breaks down, independent inventors and startups will be relatively disadvantaged.”

Comparing the US to other emerging innovation economies, Teece said that China is embracing stronger IP and transforming into an innovation economy, while the US weakens itself.

He concluded: “We have been sleeping while Rome burns. Today, one has a better chance of getting an injunction in China or Germany or Brazil then in the US.”

“An injunction anywhere helps an inventor everywhere, particularly if they have enabling technology. It’s a global economy, and the players are global.”

The Centre for Intellectual Property Understanding held IPAS in an attempt to dissect what it calls “widespread confusion over the purpose and use of IP rights, like patents and copyrights”.

CIPU was launched in February this year, focusing on promoting the importance and value of IP.

It’s leadership includes Bruce Berman of Brody Berman Associates, Marshall Phelps, former vice president of IP business and strategy at Microsoft and IBM, Keith Bergelt, CEO of the Open Invention Network and Manny Schecter, chief patent counsel at IBM.

The first CIPU conference, IPAS welcomed panelists such as chief judge of the Court of Appeals for the Federal Circuit, Randall Rader and Todd Dickinson, former director of the US Patent and Trademark Office.

Phelps commented: “IPAS was a unique and significant gathering of people and organizations concerned about the barriers to full IP acceptance.”

He added: “It brought together a diversity of IP holders, professionals, and creators, with various points of view, and laid the groundwork for identifying specific activities on which to build.”

More news
The latest news from IPPro Patents
Join Our Newsletter

Sign up today and never
miss the latest news or an issue again

Subscribe now
Baker Botts promotes three in IP
21 November 2017 | Texas | Reporter: Barney Dixon
Baker Botts has promoted three intellectual property attorneys to partner, as part of a round of 11 partner promotions
Alibaba in ITC spotlight
20 November 2017 | Washington DC | Reporter: Barney Dixon
Alibaba will be investigated by the US International Trade Commission over the importation and sale of insulated beverage containers, their labels, and packaging materials
MediaTek partners with Anaqua
20 November 2017 | Boston | Reporter: Barney Dixon
Taiwanese semiconductor company MediaTek has selected Anaqua to manage its intellectual property activities, including its inventions and patents
Brazil and China sign PPH agreement
17 November 2017 | Beijing | Reporter: Barney Dixon
The State Intellectual Property Office of China has signed a patent prosecution highway agreement with the Brazilian National Institution of Intellectual Property
Cozen O’Connor hires ex-DLA Piper litigator
17 November 2017 | Washington DC | Reporter: Barney Dixon
Cozen O’Connor has hired ex-DLA Piper litigator Hugh Marbury as member in its intellectual property department
Mewburn Ellis opens Munich office
16 November 2017 | Munich | Reporter: Barney Dixon
Intellectual property boutique Mewburn Ellis has opened a new office in Munich, its first expansion outside of the UK
EPO faces backlash over scrapping of permanent employment contracts
15 November 2017 | Munich | Reporter: Barney Dixon
In an internal memo, the Staff Union of the European Patent Office described the move as “Kafkaesque”