The United States military is losing the innovation battle. This is not hyperbole. Ellen Lord, defense undersecretary for acquisition and sustainment, made this point last December. In testimony before the Senate Armed Services Committee, she said, “The current pace at which we develop advanced capability is being eclipsed by those nations that pose the greatest threat to our security, seriously eroding our measure of overmatch.”
Wild remains bullish on the U.S., however, saying that he thinks too many Americans are unnecessarily pessimistic about the U.S. patent system because America, as a free country with a free economy, has certain advantages that simply cannot be replicated by China, or even Europe for that matter.
The U.S. Supreme Court on Tuesday gave its stamp of approval to a government review process prized by high technology companies as an easy and cheap way to combat “patent trolls” and others that bring patent infringement lawsuits. The justices ruled 7-2 that a type of in-house patent review at the U.S. Patent and Trademark Office does not violate a defendant’s right under the U.S. Constitution to have a case adjudicated by a federal court and jury.
Congress should be working to grow the economy instead of weakening it. And, with the introduction of the STRONGER Patents Act, they might just be doing that. What does it take to grow the economy? In some ways that question can be almost insurmountable, but in others it is just common sense.
The Chinese government has been aggressively incentivizing increased patent filings. In many ways, China’s innovation economy is a near photo-negative of the current iteration of the U.S. patent system.
Researchers are often forced to follow circuitous and time-consuming routes to access the journal articles they need, even when their institutions and organizations have legitimate subscription access. Not only do these barriers waste time and cause frustration, they are stifling the pace of scientific innovation.
We’re currently in one of the most pivotal moments in U.S. history. Technology is advancing at a faster pace than ever before, bringing with it unprecedented opportunities for businesses of all sizes and across all industries. We’ve seen digitization enable startups to compete on the same playing field as enterprises, tear down barriers to entry that prevented small businesses from scaling, boost GDP growth, and perhaps most profoundly, enrich the lives of our citizens.
China’s drive to lead the world in artificial intelligence is spurring American efforts keep its technological edge, especially when it comes to national security. A technology wave equivalent to the Industrial Revolution, electrification and mechanization, “intelligentization” has the potential to change the way wars are fought, as well as finance, medicine and transportation...
The STRONGER Patents Act was designed to “strengthen the United States’ crippled patent system” by restoring patents as property rights, making court standards uniform and giving startups a better chance to protect their property from entities with much greater resources while also stemming abusive demand letters sent in bad faith.
United States President Donald Trump is not the first to complain about intellectual property (IP) theft by Chinese companies but ironically it was US companies’ use of China’s resources that led to the development of its powerhouse of patents.