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SBE Council Encourages Patent Reform to Protect Small Businesses
Feb 22, 2008
Source: Small Business and Entrepreneurship Council
The Small Business and Entrepreneurship Council (SBE Council) has released a study, "Patent Reform: Protecting IP, Enabling Innovation and Bolstering Entrepreneurship," which details the negative effects the U.S. patent system has on small businesses and innovators and recommends reform. Some of the topics discusses in the study include the historical and economic rationale for protecting intellectual property and the role that small businesses play in the innovation economy.
"In the 21st century global economy, the major advantages of the U.S. are our entrepreneurial skills and abilities to innovate," said SBE Council chief economist Raymond J. Keating, in a statement. "In order to fully capitalize on this competitive edge, we must protect intellectual property in a rigorous and cost effective way. The Patent Reform Act is an important step in achieving this serious goal. Consider that 99.9% of the 26.8 million American businesses are ‘small businesses' and that they contribute a more significant source of innovative products and services than larger enterprises do, it is undeniable that small businesses demand and deserve a fair, pro-innovation patent system."
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