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The Big Picture San Diego Blog


Patent legislation could hurt San Diego's economy

March 28, 2014

Patents, as legal records of novel and useful ideas, help drive regional innovation and economic growth. With strong biotech and information and communications technology (ICT) sectors, San Diego is a patent producing hub; according to the Brookings Institution, the region currently produces 2.3 patents per 1,000 jobs. Current legislation being proposed in Washington will make it more difficult for San Diego to innovate.

Mark Cafferty and Greg McKee of CONNECT penned a piece in the U-T discussing how the proposed legislation could harm our economy.


Patent legislation could hurt San Diego economy (appeared in the U-T on March 28)
 
It is easy for San Diegans to forget that what happens in Washington can affect our lives some 3,000 miles away. But the San Diego economy, so strongly reliant on innovation across a spectrum of industries, could be severely harmed by Congress’ latest attempt at patent reform.
 
Patents may seem to be a complex and obscure issue, but as legal documentation of intellectual property (IP) — just like the deed to a plot of land — they help drive regional innovation and job creation. According to the Brookings Institution, from 2007-2011, the San Diego region was granted an average of 3,165 patents a year, making us the eighth-highest patent producing region in the U.S.
 
Our innovative climate is the single largest factor that attracts and sustains our most important economic drivers — the businesses and individuals that operate successfully here. For example, San Diego-based Illumina recently developed the first low-cost genome machine, which could change health care significantly. UC San Diego — ranked the 20th best university in the world — is not only essential to training many that will go on to file patents at San Diego’s companies, but also has a growing portfolio of over 2,600 active innovations and more than 1,600 patents that translate into new startups and innovations. Please read the complete piece in the U-T....


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