'We have all benefited from technologies created under Bayh-Dole Coalition; it would be foolish to strip ourselves of those opportunities in the future.'

Read this new column from #inventor Arvin Patel in IPWatchdog:
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#ICYMI , ambiguity about #patent eligibility for #AI -assisted inventions is giving inventors pause. To maximize the impact of this new technology, we'll need to straighten out #IP requirements - and we can do that by passing #PERA .
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'Since the #PTAB 's inception, [ #BigTech ] companies have filed thousands of petitions challenging the patents of upstart rivals.'

Steve Forbes argues in favor of the #PREVAIL Act in Newsweek: buff.ly/3OAqhDs

'We are at a crucial point in the history of strategically essential technologies, because several other nations have followed the prior U.S. model, strengthening their #patent systems to promote the progress of science and the useful arts.'
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'[M]arch-in rights were never intended to be used as backdoor price controls...But in December, the Biden administration broke with this precedent.'

Read fmr. Vermont Gov. Howard Dean's argument against the march-in proposal in @realclearhealth:
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.National Institute of Standards and Technology's march-in proposal would wreak havoc on startups & small businesses helping bring federally funded tech to consumers. It needs to be rescinded ASAP before doing harm to our economy. House Judiciary Dems House Judiciary GOP Rep. Jim Jordan Rep. Nadler Rep. Darrell Issa Rep. Hank Johnson

.Alliance of U.S. Startups and Inventors for Jobs and MDMA fully support #PERA and #PREVAIL !

'[S]tartups, small companies, and their investors...require stable, predictable and reliable #patents to justify the risks inherent in investing time and resources in new technologies...'
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In 2004, the U.S. accounted for more than 80% of global venture capital! In 2021, our share was less than half. 📉 (InnovationAlliance)

To boost investment in our domestic industry, we need strong incentives - which begin with strong #IP .

#Patent protections have led to countless innovations that we use regularly in communication, entertainment, and more - including video game consoles, microchips, and aluminum, which were all patented in April!

Learn more from Council for Innovation Promotion:
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#DYK ? China accounted for 37% of the world's #quantum patent applications from 2003-2022, ahead of the U.S. at 28%.

By making high-tech inventions patent eligible, #PERA would restore our competitiveness in quantum and beyond!
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If we don't reform our #patent system ASAP, writes fmr. judge Paul Michel, we're ceding our technological advantages to China - and 'our inevitable decline will be self-inflicted.'

Read in Intl. Business Times:
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'Congress needs to empower small innovators by restoring the balanced patent system that built America's tech industry,' writes fmr. @USPTO GC Nick Matich in RealClearPolicy.

His piece explains how #PERA would help restore fairness for inventors:
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#ICYMI , read Senator Thom Tillis' letter to President Biden opposing the misuse of #Section1498 :

'Relying on section 1498 to willfully infringe privately owned patents could result in immense harm to the patent system across technologies...'
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In @realclearhealth, fmr. @USPTO governmental affairs director Dana Colarulli called on President Biden to protect #BayhDole :

'By endorsing march-in rights as a means of price control, he's counteracting other ambitions he's been vocal about...'
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The #PTAB was created to help inventors - so why is it in need of reforms like the #PREVAIL Act?

Our report details how the board's 'one bite at the apple' principle has deteriorated over time, to small innovators' detriment:
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.Senator Thom Tillis just sent a letter to President Biden opposing the misuse of #Section1498 to disregard patents & regulate prices:

'In order for the U.S. to remain globally competitive, I urge you to reject attacks on the U.S. #patent system.'

Read in IPWatchdog:
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'[ #PERA 's] reforms will provide much needed clarity, predictability, and reliability to the U.S. #patent system.'

Former @USPTO Director Andrei Iancu is among those advocating for the swift passage of PERA! (via InnovationAlliance) 👇

#PERA is key to reestablishing America's innovation leadership:

'Restoring #patent eligibility...would stimulate more research here in America and help ensure that capital doesn’t flow to other more permissive countries, including China.'
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'Rather than curbing unnecessary litigation, the #PTAB has multiplied proceedings and costs for all involved.'

Read our Executive Overview to learn exactly how the #PREVAIL Act would solve the PTAB's problems & restore justice for inventors:
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To win the innovation race with China, we'll need to strengthen #IP protections for inventors in high-tech fields. That starts with passing #PERA , argues fmr. federal judge Paul Michel in @BostonHerald: buff.ly/45AmAp0