Emerging innovation economies are forming and growing worldwide. Many countries and regions around the world are quickly moving from economies based on natural resources such as oil or agricultural products to innovation based economies that will offer financial sustainability in this age of global innovation. Our practice represents the key stakeholders. We provide guidance and counsel to research centers, academic institutions and funding agencies that support innovation and entrepreneurship. We also help clients realize financing sustainability and achieve tangible economic development objectives while solving global problems involving energy, the environment, agriculture and food, health and medicine, communications and information technology.
Highly skilled technology innovators are transforming the Arabic Gulf from an oil economy to an innovation economy. Our practice has many relationships in Saudi Arabia, Kuwait and neighboring countries. Our lawyers and staff handle technology and IP matters for these clients and for businesses entering this emerging market. We also help research institutions and enterprises form collaborative relationships with counterparts in the Gulf. We also work with universities, research centers and technology companies that desire to work with Arabic partners on significant scientific research, technology development, and technology commercialization initiatives that have economic development outcomes or other benefits in the Arabic peninsula.
Similarly, Latin America is developing its innovation capabilities. With our practice operating from the firm’s Miami office, we are working in the emerging economies of Latin America including Colombia, Peru, Brazil and Uruguay, among others. For example, we worked with the U.S. Commercial Service in Bogota, Colombia, and InnPulsa, Colombian government’s technology innovation funding agency, to coordinate a Technology Transfer Trade Mission for U.S. universities to visit Colombian universities and research centers.
Our Washington, DC office provides a platform for us to serve the IP and related needs of international clients in other countries, as does our office in Europe.
Our focus on international technology transfer parallels the fast changing international patent system, and the U.S. switch in 2013 to a “First Inventor to File” system. Establishing an international filing date is of critical importance in today's global economy. It is necessary to file patent applications in the U.S. and around the world to protect the potential value of inventions. Most countries allow for an application to be filed within a year of the first filed application. An International Application is filed based upon the Patent Cooperation Treaty (or PCT). It can be filed within this year period or initially, and reserves the right to file a utility patent application in over 125 countries that are PCT members for up to 2-1/2 years from an initial filing.
Filing in foreign countries not only increases patent protection but also increases the potential market value, particularly to companies that import and export their products. Whether the business plan calls for licensing the product to others or maintaining exclusive rights, filing a PCT Application is the most inexpensive way to reserve the right to file patent applications around the world
Our clients are engaged in the international exchange of ideas, and the development and commercialization of technologies. Our multinational approach to IP representation is optimal for both U.S. innovative entities and innovators, entrepreneurs and research institutions from other countries.