April 05, 2011

U.S. and U.K. Highlight Progress on Patents Cooperation

London - The governments of the United States and United Kingdom today highlighted the progress made on a joint action plan launched in March 2010 to combat the problem of patent backlogs and their effects on the economy and job creation.

The announcement was made today in London by David Kappos, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO), and Baroness Wilcox, UK Parliamentary Under Secretary for Business, Innovation and Skills.

The action plan is a follow-up to the study commissioned by the UK Intellectual Property Office (UKIPO) and released in March 2010 entitled ‘Economic Study on Patent Backlogs and a System of Mutual Recognition,’ which examined the economic impact of delays in processing patents. The study found that patent office delays stifle innovative competitiveness, drag down R&D investments, and minimize incentives to create, especially for inventions in the hi-tech sectors.

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