Can America's Patent System be Saved?
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Join us next Wednesday (July 21, at 9:30 a.m.) to hear Judge Paul R. Michel, recently retired Chief Judge of the federal court that decides all patent appeals, speaks out about America's patent system. Having served the past 22 years on the U.S. Court of Appeals for the Federal Circuit as part of a distinguished 44-year career in public service (including 7 years on Capitol Hill as a legislative aide and chief of staff), Judge Michel is well placed to provide a fair and balanced view of our nation’s patent system and what we can all do to make it the engine of growth for a robust economy. He will offer his prescription for a revitalized patent system and innovation infrastructure, which he sees as a critical national challenge today.
Here's a preview of Judge Michel's speech:
"The American economic recovery has stalled, and investments in manufacturing and hiring have faded. The innovations that could help spur economic renewal and strong job growth are instead trapped in a warehouse outside Washington DC, awaiting review by the swamped and under-funded US Patent & Trademark Office. Nearly 750,000 patent applications sit in that warehouse, while another 400,000 are at the USPTO. Congress, meanwhile, has siphoned off nearly $1 billion of the PTO’s funds -- all user fees paid by patent applicants and owners -- by diverting these much-needed patent user fees to subsidize other pet projects. How did this happen and how do we fix it?"