This week, Council for Innovation Promotion Board Co-Chair Andrei Iancu and Executive Director Frank Cullen joined World Intellectual Property Organization Director-General Daren Tang in visiting IP-intensive businesses across the Los Angeles area.
Few places rival the Golden State, and Los Angeles in particular, when considering the extensive benefits of strong intellectual property policies. Indeed, more than one-third of private sector employees in California work for an IP-dependent company, and the U.S. Patent and Trademark Office grants the most patents to California-based applicants than those from any other state.
While in Los Angeles and Orange County, Tang, Iancu, and Cullen had the opportunity to visit entertainment heavyweights NBCUniversal Studios and Disney Studios, financial services company ZestAI, aircraft manufacturer Overair, aerospace engineering firm Relativity, and medical technology leader, Masimo. Despite spanning the economic spectrum, each entity shares a common trait: their relentless pursuit of excellence within their respective industries, made possible by IP. A predictable, secure IP landscape predicates their success — and the creation of everything from cinematic masterpieces, advanced machine learning, and state-of-the-art rocketships, to lifesaving medical devices and next-generation commuter aircraft.
During their trip, C4IP Co-Chair Andrei Iancu sat down with WIPO Director-General Daren Tang to discuss the current state of global IP rights and related policy debates. They delved into the role of IP rights in driving new technology forward, identified existing threats to the innovation ecosystem, and explored enhanced strategies to advocate for IP rights.
Watch the full discussion below: