Strong Intellectual Property Fuels Investment

Many of the world’s greatest breakthroughs have something in common – strong intellectual property (IP) protection provided by the United States Patent and Trademark Office (USPTO). In fact, IP protection was included in Article I, Section 8 of the Constitution by our Founding Fathers, who deemed it essential for society “to promote the progress of science and the useful arts securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries.” Since Thomas Jefferson— the first patent examiner— reviewed the first U.S. patent, the country has been transformed by ingenuity to become the most open economy in the world where global businesses come to work and innovate on the cutting edge.

The Leahy-Smith America Invents Act of 2011 enables the USPTO to grant patents and trademarks faster and with greater quality and clarity, further strengthening our country’s IP system. The USPTO offers countless resources, including the Track One Prioritized Examination Program for accelerated examination, and the Pro Bono and Pro Se programs, which provide free legal representation and support services for small and independent inventors. The USPTO continually strives to keep costs and fees low.  For a brief overview on the steps necessary to obtain a patent you can refer to our Commerce blog, Five Steps for Protecting your Invention and for a trademark, Six Steps to Protect your Brand. At any time you can receive USPTO assistance by contacting the Inventors Assistance Center.  The USPTO is also very active internationally, working to protect U.S. interests abroad through the IP Attaché Program and collaborating with international IP organizations toward international patent harmonization.

For all these reasons the U.S. intellectual property system has long made America an attractive place to innovate and invest. Companies from around the world leverage the power of the U.S. patent, while supporting the U.S. economy. The strength of the intellectual property environment is an indicator of market potential for inventors and companies to develop their technologies, grow their businesses, and expand sales of their products. That is why we would like to encourage you to attend the SelectUSA Investment Summit in the Washington, DC area on March 23-24, 2015. Investors will find the practical tools, information, and connections they need to establish or expand operations in the United States. SelectUSA was created to work across the U.S. government to attract and retain business investment in the United States in order to create jobs, spur economic growth, and promote U.S. competitiveness. Those who choose to invest in the United States can feel secure knowing that there’s a long tradition of protecting valuable intellectual property.