"Over the past two decades, policymakers have chipped away at IP protections-sometimes intentionally, sometimes inadvertently-and undermined American entrepreneurs' ability to spearhead breakthroughs in AI, biotech, and other emerging technologies critical to fostering continued innovation and U.S. global competitiveness. If we want to win the 21st century, it's time to get serious about promoting innovation. And that requires strengthening IP rights, which have been substantially weakened over the past few decades."
"IP protections, particularly patents, are a fundamental catalyst of innovation. By preventing rivals from copying technological breakthroughs for a limited time, patents incentivize inventors and investors to make substantial R&D investments and take risks on unproven but promising ideas-by providing inventors with the potential to earn returns and revenues from their ingenuity and investments. Unfortunately, courts have narrowed patent eligibility in fields like medical diagnostics and software, discouraging investment in those areas."
The United States faces a decline in intellectual property protections that undermines innovation and competitiveness in critical technologies like AI and biotech. Patent protections historically incentivize inventors and investors by preventing temporary copying and enabling returns on risky R&D. Over the past two decades, policymakers and courts have narrowed patent eligibility and weakened remedies, reducing investment incentives, particularly in software and medical diagnostics. Administrative changes such as the Patent Trial and Appeal Board have unintentionally empowered infringers. Strengthening IP rights is presented as essential to promote innovation, sustain R&D investment, and preserve U.S. technological leadership.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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