IP Contributes $5 Trillion to GDP, Says USPTO

Initiates Quality Initiative, Citing Effect of IP on Jobs

According to the World Bank, gross domestic product in the U.S. was almost $16.8 trillion in 2013.

As it prepares to launch its new “quality initiative,” the USPTO claims that IP-intensive industries “support at least 40 million jobs in the U.S. and contribute more than $5 trillion—or nearly 35 percent—to our GDP.”

This massive contribution of intellectual property to generating value is a worldwide trend as well, says USPTO: [T]here is increased recognition and appreciation around the world of the importance of IP.” Read the article.


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