As thousands of entrepreneurs, business executives and innovators congregate for New Orleans Entrepreneur Week, it is important to remember and celebrate one of the powerful drivers behind America’s technological and economic prowess: the inventor.
America has long been a nation of innovators and inventors. From Thomas Jefferson to Thomas Edison, we have a rich tradition of pioneers who challenge themselves to think differently, and, in turn, change the way we think about technology and how we live our lives.
That is why I am so concerned about patent legislation pending in Congress that stands to threaten the very fabric that has nurtured the innovators who make events such as NOEW possible.
We must ensure America cultivates innovation and remains globally competitive. Weakening intellectual property rights will not do that.
Just how impactful are America’s inventors? According to the U.S. Department of Labor, 65 percent of today’s grade-school children will end up at jobs that haven’t been invented yet. Our future economy and the career opportunities of our children rely on innovation and invention.
And just as inventions are a strong force for our economy, U.S. patent laws are the driver behind innovation.
They make our jobs easier and more efficient, and they help to promote economic growth as the demand for intellectual property increases each and every day.
This interconnectedness is undeniable, and to drastically alter its makeup would have a detrimental effect on not only the patent system but the entire American economy.
That is why, as Congress considers legislation that would change our patent laws, I ask they consider all of the issues at play and come to a responsible conclusion only after a careful deliberation. The American patent system is deserving of such prudence.
Brian S. Trascher
senior partner, Gulf South Strategies