Certain innovations—known as enabling technologies—provide the foundation for progress across a range of industries. Enabling technologies include mobile wireless, the laser, CT scanners, the microprocessor, artificial intelligence, and freight containerization. Such technologies drive wealth creation throughout the economy. However, the difficulties associated with monetizing this type of IP, which I explore in this article, mean that private enterprise tends to underinvest in new enabling technologies. Public policy needs to be more supportive, and firms need to be willing to support more blue-sky projects. As a nation, we are harvesting the fruits of old enabling technologies without investing sufficiently in new ones. We are eating our seed corn.
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Recent Posts
- Tai Says United States Will Back India-South Africa Proposal to Waive IP Rights Under TRIPS
- Looking Back at Soon-to-Be Chief Judge Moore’s Major CAFC Opinions
- Can Process Confer Structure to Distinguish the Art after Biogen v. EMD Serono?
- The Common Thread of Innovation Ecosystems: Securing Ownership to Guarantee Creation
- Other Barks & Bites for Friday, April 30: Brazil Senate Passes COVID-19 Patent Waiver Bill, Cornyn Mulls Expanding ITC’s Section 337 Authority; China Says It Leads World in 6G Patent Applications