The Chinese patent system has come a long way since the first intellectual property laws were passed in China in 1985. Many would argue that China’s budding patent system has actually surpassed America’s older and more established patent system (which has been around since 1790 when then-President George Washington signed the first U.S. patent) in speed and efficiency and in providing strong patent protection to innovative companies and emerging startups as well as to individual inventors.
The National Science Foundation (NSF) released more detailed information regarding President Donald J. Trump's Fiscal Year (FY) 2019 NSF budget request to Congress. The FY2019 budget request would represent a $7.47 billion investment in strengthening the nation's economy, security and global leadership through research in cutting-edge science and engineering.
Since President Trump’s inauguration, the Office of Science and Technology Policy (OSTP) has built a robust team of over 50 staff members, including a corps of scientists and engineers, policymakers, and academics to advise the President on science and technology (S&T), support the President’s agenda, and ensure that S&T efforts across the Executive Branch are effectively coordinated. [ Full Report ]
Research and development spending by U.S. business has finally begun increasing robustly as the economic recovery has continued, reaching $499 billion--the most spent by any nation in a single year--in 2015, the most recent year for which data is available. What’s more, the business sector’s share of those outlays rose to a record 69 percent. For mid-market companies, there’s even bigger news: Many are contributing more than their fair share to the R&D boom.
Peter Thiel, never one to keep a low profile, made his most recent set of waves with reports that he is prepared to decamp from Silicon Valley to more benign haunts in Los Angeles along with several of his companies. His rationale, according to a piece in the Wall Street Journal, is that the Valley is now a politically intolerant culture, left-leaning in the extreme and to the exclusion of any contrarian viewpoints; any culture so unable to consider alternative viewpoints, the thinking continues, will stifle innovation.
At issue is a new procedure, established by the 2011 America Invents Act (AIA). It provides an mechanism for the Patent Office to double check its work and weed out its mistakes, revoking patents that never should never have been granted. A few critics claim that, because of this procedure, innovation in the United States is on the wane. The data shows just the opposite.
Falcon Heavy’s launch was seemingly flawless. Reminiscent of the ‘90s space shuttle or ‘60s Apollo mission days, people gathered around to watch the huge rocket launch into space. The Falcon Heavy’s side boosters landed perfectly side by side at landing pads for “future reuse” -- a concept unheard of in the aerospace industry.
The Chinese New Year began with the traditional lighting of firecrackers on Friday, but the country's military has been working on incendiaries on an entirely different scale. Over the past year, the nation that invented gunpowder has been rolling out an array of high-tech weapons that some experts say could threaten the global superiority of the United States.
Today, the U.S. and Germany are dropping in ranks as innovation champions while Japan and China are rising. The survey also revealed that business executives are favoring protectionist policies as a way to keep jobs in their countries — but globalization is still viewed as a driving force for innovation.
This year the United States edged out the United Kingdom by a mere .01 points on the Chamber scale. The U.S. position was helped by improved scores relating to copyrights and trademarks, but was dragged down as the U.S. patent ranking decreased for the sixth consecutive year as the result of a patent climate that the Chamber characterizes as causing “considerable uncertainty for innovators.”