Executive Summary

For at least the last 15 years, accelerating with the Obama Administration, the U.S. patent system has been systematically marginalized for all but the largest corporations.

Cutting edge startups and entrepreneurs – and their investors – have long been responsible for most of the real breakthrough inventions and technologies needed for economic growth, improved quality of life, increased productivity and national security.

Despite superficial appearances that U.S. startups and their investors remain vibrant, a closer look reveals major declines in the technologies that drive systemic growth in the economy and advance U.S. competitiveness.

Venture capital investment in the most advanced technologies has declined while investment in lower risk commercial activities has increased disproportionately.

Restoration of our patent system is essential if our country is to maintain its current prominence as the world leader in technology and applied science.