UC Berkeley biochemist Jennifer Doudna and her European collaborator, Emmanuelle Charpentier, have racked up a slew of awards for their work, which makes it very easy to alter the DNA of living things. But their efforts to patent their discovery have been hung up by a competing claim from Feng Zhang at the Broad Institute of MIT and Harvard.
President Donald Trump promised to do many things during his presidential campaign, and since taking office, he has begun setting those plans into action. One of the things he did not really address during his campaign, however, is how he is going to reform and change the current US Patent system.
By some metrics, China may already be the world’s biggest economy. But America is still #1, and by a long shot, in an equally important field: number of patents registered. Patents may not animate as many discussions as GDP or jobs, but they too are an important measure of economic strength.
“Governments from East to West all want the same thing: economic growth. Now more than ever, world economies must choose whether they will grow forward into the future or shrink back from endless innovative potential,” said Mark Elliot, executive vice president of GIPC. “Each year, this report attempts to highlight best practices among the world’s intellectual property environments. In 2017, many of the same challenges remain.
“This year’s Index shows that a clear pack of leaders has emerged: the United States, United Kingdom, Japan, and the European Union. But all that invest in the systemic recognition and protection of IP stand to reap the benefits: foreign investments, healthier home-grown industries that export innovative products, and a reputation as a place where the world can do business. From the most developed countries to the least, countries that demonstrate a commitment to IP will reap a reward.”
Patent rights are an important part of U.S. innovation policy: If they're too weak, America's inventors may decide its not worth sharing their discoveries. But if patent rights are too strong, monopolists can smother new entrepreneurs and erect barriers to research.To find the right balance, many look to the White House for guidance.
There's been no official announcement about USPTO leadership from Trump's team, with the new president having been inaugurated earlier today. But The Hill reported yesterday that Michelle Lee, a former top lawyer at Google, will remain as USPTO director under President Trump.
International Business Machines Corp. continued its remarkable innovation streak after securing 8,088 U.S. patents in 2016. It marks the 24th consecutive year IBM earned the most patents of any other company. Around 2,700 of IBM’s 2016 patents were related to artificial intelligence, cognitive computing, and cloud computing.
Ford employees are driving innovation throughout the business at record pace, netting approximately 1,500 U.S. patents so far this year - the most of any automaker and a 25 percent increase versus 2015. Ford employees have submitted the most patent applications in the company’s 113-year history this year -in both the United States and globally.
Most inventors come up with their inventions as a means to solving a problem they face or affected by in their every day lives. Given that majority of inventors are men, they design their inventions with men in mind, ensuring that many women’s issues are not being accurately represented.