Eight of the world’s leading technology companies have formed the High Tech Inventors Alliance (HTIA) dedicated to “supporting balanced patent policy.”
The Alliance’s members are Adobe, Amazon, Cisco, Dell, Google, Intel, Oracle and Salesforce.
The HTIA said important examples of “current dysfunction” include “the crisis in patent quality, baseless patent assertions, and the chronic persistence of patent troll litigation, which has nearly tripled since 2005.”
The Alliance said it supports balanced efforts to “address the root causes of these problems” while advancing a patent system that promotes investment in new technologies and American jobs.
The HTIA said the eight companies involved own more than 115,000 US patents and recognize the need of all inventors — from the largest corporation or university to the sole practitioner – to have a well-functioning patent system.
“Innovation means creating new and better products and services,” said John Thorne, the Alliance’s general counsel and spokesperson.
“It is fundamental to the success of the high-tech industry and its ability to drive economic growth and create American jobs.
“Collectively our members spent $62.9 billion on research and development last year and they have over 447,000 employees here in the United States.”
Thorne added: “When the patent system does not function well, it undermines rather than supports innovation, to the detriment of all Americans — inventors, employees, investors in productive businesses and ultimately, consumers.”