Here’s food for thought . . . Good things may come to those who wait, but only the things left by those who hustle.
Those famous and fitting words by President Abraham Lincoln, himself an inventor and entrepreneur, could not be more appropriate when describing our recent success – eight years in the making – in securing a regional U.S. Patent and trademark Office in Silicon Valley, which opened for business on Thursday, October 15.
For the first 225 years of America’s U.S. patent system, an innovator or inventor needed to travel to Alexandria, Virginia if he or she needed to meet directly with a patent examiner or judge. Few young entrepreneurs can invest the time or treasure for such a trip, placing at-risk the protection of their intellectual property and inventions.
That all changed last week in Silicon Valley, with the opening of the new office in San Jose with 80 patent examiners and 20 patent judges.
Like most successes, this one was not secured over night. It took roughly 2,920 days, including passing federal legislation signed by the President in 2011, competing against 500 other bids for only three competitively selected regional patent offices, and enduring budget shortfalls and sequesters.
Silicon Valley, which is already home to 1 of every 10 patents filed in the United States, is now also home to a much needed regional patent office.