U.S. National Security and Competitiveness Begin with IP

Walt Copan joins us for a conversation about the role of science, technology and innovation in U.S. competitiveness and for U.S. national security. 

As many of you no doubt know, Walt is a former Undersecretary of Commerce and served as the 16th Director of the National Institute of Standards and Technology, a position for which he was unanimously confirmed by the Senate during the Trump Administration. Today, Walt is the Vice President for Research and Technology Transfer at the Colorado School of Mines in Golden, Colorado. 

I invited Walt to join us for our annual life sciences program this year. My pitch was that we would have a one-on-one conversation that would not only make up the final segment of the program, but which would also be used for our IPWatchdog Unleashed podcast. He graciously accepted my invitation, and we sat down for this conversation on Wednesday, October 30. 

During our conversation we discuss the ongoing Bayh-Dole march-in rights drama being caused by his old agency—NIST—which has published a framework that would allow the government to strip patent rights away from exclusive licensees if the government believes the product covered by a patent is too expensive. We also discussed the diverging approach to commercialization between universities who can own and license patent rights and federal agencies, which operate under an entirely different statutory structure that makes it virtually impossible to get innovations made by federal government employees to the marketplace and commercialized for the good of society. We also discuss the upward trajectory of China vis-à-vis innovation and intellectual property, and the stagnation within the U.S. innovation ecosystem, which has been primarily led by uncertainty and dismantling of the U.S. intellectual property laws.