Innovation Asset Blog

Silicon Valley satellite patent office delayed

The Silicon Valley area's first permanent satellite patent and trademark office is set to occupy a section of San Jose City Hall, according to San Jose Mercury News. This decision was announced in November after four years of politicians, university leaders and business groups lobbying for precisely this decision. However, the opening of the office will now be delayed until the middle of 2015 because of financial difficulties San Jose is experiencing. City leaders are still committed to the deal, however, and to housing a satellite intellectual property office.

"We're not trying to make money on the deal," San Jose Mayor Chuck Reed said of the Patent Office satellite deal. "This is an important office. We want to make sure that they're in San Jose."

Silicon Valley is one of four U.S. Patent and Trademark Office satellites President Barack Obama authorized in 2011, along with one in Detroit and others in the Dallas and Denver areas. San Jose officials want to capitalize on the intensity of innovation in the city, which is the self-styled "Capital of Silicon Valley."

"It's mostly for entrepreneurs and the people that help entrepreneurs but it is also very much a general resource for the community," said Kim Walesh, the city's economic development director. "It could be a bit of a tourist attraction."

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.