“Every job in some way, produces, supplies, consumes, or relies on innovation, creativity, and commercial distinctiveness,” said Under Secretary of Commerce for Intellectual Property and USPTO Director David Kappos. “America needs to continue investing in a high quality and appropriately balanced intellectual property system that will promote innovative, open, and competitive markets while helping to ensure that the U.S. private sector remains America’s innovation engine.” The report is a joint product of the U.S. Commerce Department’s Economics and Statistics Administration (ESA) and the U.S. Patent and Trademark Office (USPTO). Secretary Bryson was joined today by Deputy Secretary Rebecca Blank, Under Secretary for Intellectual Property and USPTO Director David Kappos, U.S. Chamber of Commerce President and CEO Tom Donohue, and American Federation of Labor-Congress of Industrial Organizations (AFL-CIO) President Richard Trumka at a White House event, to unveil the report. The Department of Commerce and USPTO are unleashing new innovations and new industries by advancing a robust framework of intellectual property protections for a global economy. The USPTO has already implemented eight provisions of the recently passed America Invents Act, which are enhancing the speed and quality of patent processing, connecting businesses with the tools they need to develop their technologies, and speeding up patent applications.
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The backlog has been reduced by nearly 15%, from about 750,000 to just under 641,000 today. That reduction has come despite the acceleration of American ingenuity, and patent filings in the U.S. grew 5% in FY 2011. By re-engineering the IP system from the ground up, the USPTO is creating a 21st century innovation architecture that’s built to last and will help America remain a global leader going forward. Patents, trademarks, and copyrights are the principal means for establishing ownership rights to inventions and ideas, and provide a legal foundation by which intangible ideas and creations generate tangible benefits to businesses and employees. IP protection affects commerce throughout the economy, including by: providing incentives to invent and create; protecting innovators from unauthorized copying; facilitating vertical specialization in technology markets; creating a
platform for financial investments in innovation; supporting startup liquidity and growth through mergers, acquisitions, and IPOs; making licensing-based technology business models possible; and, enabling a more efficient market for technology transfer and trading in technology and ideas.
ISM Report On Business Economic activity in the manufacturing sector expanded in March for the 32nd consecutive month, and the overall economy grew for the 34th consecutive month, say the nation’s supply executives in the latest Manufacturing ISM Report On Business. The report was issued today by Bradley J. Holcomb, CPSM, CPSD, chair of the Institute for Supply Management™ Manufacturing Business Survey Committee. “The PMI registered 53.4 percent, an increase A2Z METALWORKER NW •
31 • April/May 2012