The U.S. Commerce Department released yesterday a comprehensive report, entitled “Intellectual Property and the U.S. Economy: Industries in Focus,” which finds that intellectual property (IP)-intensive industries support at least 40 million jobs and contribute more than $5 trillion dollars to, or 34.8 percent of, U.S. gross domestic product (GDP). “This first of its kind report [...]
The US Patent and Trademark Office National Inventors Hall of Fame, in Alexandria, Virginia is now exhibiting the display Exercising Ingenuity. Exercising Ingenuity highlights inventions, patents, and trademarks that have emerged from the fitness, nutrition, and exercise industries. Organized in a decade by decade timeline approach, it presents many of the leading health and fitness [...]
In a financial move that could only make sense to Washington, DC politicians, the federal government, under H.R. 1473 (the Full-Year Continuing Appropriations Act) has cut $100 million from the US Patent and Trademark Office (USPTO) Budget. The move is purely political because the USPTO budget is derived directly from fees collected from inventors [...]
The workflow at the US Patent and Trademark Office (“USPTO”) has slowed down dramatically over the past couple of years. First Office Actions, which historically issued within 12-18 months after filing a new patent application are now taking over two years. Even though the delays are added to the patent life under the American Inventors’ [...]
