IP VIPs Launch
“These giant companies The Inventor Paul R. Michel, former Chief Judge of United States Court of Appeals for the Federal Circuit (CAFC); Russell Slifer, former United States Patent and Trademark Office (USPTO) Deputy Director; Alan Heinrich, attorney and adjunct faculty member at the UCLA School of Law; and Earl “Eb” Bright, president and general counsel of ExploraMed Development.
According to the IDA website, its objectives are to:
“Serve as the voice for American inventors seeking access to capital through a range of advocacy programs and educational initiatives.
Build public support for inventors’ rights by highlighting the value of intellectual property and the role IP protections play in supporting the economy and enabling entrepreneurs to create and build wealth, compete in the marketplace, and pursue the American dream.
Support legislators and government leaders who understand the importance of strong IP rights and equal justice under the law.
- Build a broad-based coalition of pro-innovation stakeholders to fight for inventors’ rights.”
- The IDA is a 501c(4) nonprofit organization, which allows it to lobby for causes, but it cannot receive tax-deductible donations.
- “These giant companies figure that their smaller rivals can’t afford the long, costly lawsuits necessary to enforce those patents,” said Osenga in a statement. “And sadly, they’re often correct.”
- Judge Michel, who is also a board member for the Council for Innovation Promotion (C4IP), said in the press release issued today that the IDA will be focused on protecting the right of inventors to partner with litigation finance companies so “they’re able to afford the steep legal bills associated with defending and enforcing their patents.”
An op-ed featured on the IDA website that was written by Michel for RealClear Policy in March 2023 was critical of recent efforts by Judge Colm Connolly of the U.S. District Court for the District of Delaware to impose disclosure requirements that Michel said would adversely impact smaller companies that use third-party funders for litigation.
Judge Connolly’s standing orders, issued in 2022, provide for heightened reporting requirements for the identities of real parties in interest and third-party litigation financiers and have created some controversy regarding disclosures of sensitive corporate information. Michel wrote in his The IDA website The IDA’ However, the bills, which would introduce major reforms in the areas of patent eligibility, Patent Trial and Appeal Board (PTAB) procedures and information collection processes around innovation, were held over because Senator Thom Tillis (R-NC), a key sponsor, was unable to attend the hearing.
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Eileen McDermott
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