DENVER TO GET NEW U.S. PATENT OFFICE, A $440 MILLION ECONOMIC BOOST
Tuesday, July 10, 2012
Posted by: Catharine Lurie
Denver — It was announced today that the Denver metro area is among three places that will get a new U.S. Patent and Trademark Office (USPTO) — a $440 million economic generator over the first five years that promises hundreds of new high-paying jobs. The announcement comes after an application seeking considerations was submitted by members of the Coalition for a Colorado Satellite Patent Office – a consortium of business leaders, lawyers and politicians representing the interests of the state – earlier this year.
Additional regional USPTO offices will be opened in or around Dallas, Texas and Silicon Valley, California. These offices are in addition to the already-announced first USPTO satellite office to open this month in Detroit, Michigan.
Colorado’s geographic location near the center of the continental United States makes it a gateway to the mountain west, affording the USPTO its first presence in one of the most vital, innovative regions of the country. The four offices will function as hubs of innovation and creativity, helping protect and foster American innovation in the global marketplace, helping businesses cut through red tape and creating new economic opportunities in each of the local communities.
"Colorado is uniquely poised for this opportunity, with key resources such as our federal research lab presence, premier higher education research institutions, strong and diverse industries such as bioscience and aerospace and our leading start-up community,” said Kelly Quann, Executive Director for the Colorado Innovation Network.
"The addition of a USPTO satellite patent office to Colorado is a significant achievement towards the state’s goal of accelerating innovation, and one that will help propel Colorado forward to be the number one state to start and grow your business.”
About the Colorado Innovation NetworkTM
The Colorado Innovation Network (COIN) is a private-public-academic collaboration for innovation. Through COIN, innovation leaders convene, collaborate and commit. COIN was established to be a catalyst for innovation within the state of Colorado, with the goal of connecting innovation leaders and entrepreneurs to solutions and ideas through which they can further their ability to foster innovation and enhance their own networks.