President Obama’s Plan to Win the Future by Catalyzing Invention, Innovation, and Economic Growth through Patent Reform

The White House Office of Public Engagement released the patent factsheet, “President Obama’s Plan to Win the Future by Catalyzing Invention, Innovation and Economic Growth through Patent Reform,” the night of Obama’s Jan. 25, 2011, State of the Union address.  Here are some highlights.

“ Improve the Operations of the Patent and Trademark Office (PTO): The President’s budget enables the PTO to address a backlog of over 700,000 patent applications.

Promote U.S. Cooperation with International Patent Standards to Help U.S. Firms to Compete in the Global Economy: By moving towards greater coordination between patent systems, the United States can enable its innovators to receive lower-cost and higher-qualitypatents, enabling them to better compete and protect their inventions around the world.

Address the Costs of Our Inefficient Patent Litigation System: To improve the patent system, President Obama has pledged to work with Congress to devise a post-grant review system to improve efficiency.”

 

Advertisements

President Obama stresses the importance of Intellectual Property with President Hu of China

Here are some quotes on intellectual property from yesterday’s press conference with President Obama and President Hu of China.

I did also stress to President Hu that there has to be a level playing field for American companies competing in China, that trade has to be fair.  So I welcomed his commitment that American companies will not be discriminated against when they compete for Chinese government procurement contracts.  And I appreciate his willingness to take new steps to combat the theft of intellectual property.

  

Some of it has to do with intellectual property protection. So we were just in a meeting with business leaders, and Steve Ballmer of Microsoft pointed out that their estimate is that only one customer in every 10 of their products is actually paying for it in China.  And so can we get better enforcement, since that is an area where America excels — intellectual property and high-value added products and services.

And the Chinese government has, to its credit, taken steps to better enforce intellectual property.  We’ve got further agreement as a consequence of this state visit.  And I think President Hu would acknowledge that more needs to be done.  

Full Press Conference