WASHINGTON--(BUSINESS WIRE)--Protect American Innovation, a newly formed nonprofit, has launched a national crowdfunding campaign to push for patent reform and restore the brilliance to American innovation.
The American patent system is the center of the innovation economy and the lifeblood of our national economy. The genius of American ingenuity has seen the development of the telephone, the automobile, avionics, computers, and much more. But the U.S. patent system is in decline and the protection of intellectual property rights has been severely weakened during the past decade. Once the global leader in patents issued, we have fallen to an embarrassing 12th in the world in patent protection, according to the U.S. Chamber of Commerce.
Protect American Innovation, a group of committed businesses and individuals, has unveiled a national crowdfunding site to spread the word about the urgent need for patent reform. We are fighting to protect businesses, innovators, and the American innovation economy. We are giving a voice to main street businesses and to entrepreneurs and we will take our message to Washington to push for stronger U.S. patent laws, including the return of injunctive relief to stop patent infringers.
“We urge every patent holder who cares about patent rights to join our campaign,” said Billy Walters, president of Protect American Innovation. “Today property rights are not being enforced and patent holders are unprotected. Ideas are being stolen, replicated, and the weak patent laws provide little or no protection. Many times, entrepreneurs are forced out of business because they don’t have the deep pockets to fight the challenges in court. Protect American Innovation is fighting to change that, and we support passage of the STRONGER Patents Act.”
The STRONGER Patents Act is a bipartisan bill designed to protect inventors and innovators and it would restore patents as essential property rights. A companion STRONGER Patents Act house bill was introduced in April.
Protect American Innovation needs your support to push for patent reform and to protect the innovation economy. Please visit our GoFundMe site and help in any way you can.
About Protect American Innovation
Protect American Innovation is a committed group of businesses and individuals who realize how crucial patent protection is to a thriving American innovation economy. Our group is growing day-by-day, both in the strength of numbers and donations. We have secured a core group of companies that firmly stand behind our efforts and support our cause.