Bloomberg Law
Free Newsletter Sign Up
Login
BROWSE
Bloomberg Law
Welcome
Login
Advanced Search Go
Free Newsletter Sign Up

U.S. Patent Office Aims to Boost Innovation By Women, Minorities

Sept. 10, 2020, 6:05 PM

Efforts to encourage innovation by women, underrepresented minorities and people from lower socioeconomic rungs will get a new push from the U.S. Patent and Trademark Office.

The agency aims to “expand the American innovation ecosystem” by pulling together venture capitalists, industry titans and educators to create a national strategy, Andrei Iancu, director of the patent office, said in an interview.

The new National Council for Expanding American Innovation is an outgrowth of congressionally-mandated studies that showed white and Asian males dominate as inventors named on patents. Patents are often drivers of new products, help attract investment funding, and can ...