Federal ‘Innovation Act’ will undermine California’s economy

sectorExcellenceGenericIn recent years, the University of California has benefited from an annual infusion of nearly $100 million. That money didn’t come from state coffers or private donors. It came from royalties and fees generated by the 11,500 inventions developed by UC researchers in recent years.

Unfortunately, this income stream is now in jeopardy. Congress will soon consider the misleadingly named “Innovation Act,” which would make it significantly harder for innovators to protect their creations from intellectual property theft. This bill is misguided – and it would have economically disastrous effects. California’s elected officials must oppose this legislation in order to protect our state’s world-leading inventors.

Patents prevent others from copying an inventor’s idea and creating a competing product. In so doing, patents provide inventors with the assurance their hard work can pay off.

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About Peter Coffaro 1430 Articles
A growth-driven and strategic executive, Peter Coffaro commands more than 20 years of progressive management success within the medical device industry. As a District Sales Manager for Stryker Orthopaedics, Peter was responsible for managing and directing a regional sales force to achieve sales and profit goals within the Rocky Mountain region. Previously, he was the Director of Sales & Marketing for Amp Orthopedics. In this role, Peter was responsible for planning, developing, and leading all sales and marketing initiatives. Peter is a former orthopedic distributor in the Pacific Northwest. He has also worked with DePuy Orthopaedics as well as Zimmer, and held positions in sales, sales training, and sales management. Peter has an extensive background in organizational development, business development, sales management, negotiating and P&L management. Peter holds a B.S. degree in Biology from Northern Illinois University.

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