Innovation Asset Blog

Beastie Boys file suit against toy company

GoldieBlox, a toy company that aims to get young girls interested in engineering, recently used a parody of the Beastie Boys song "Girls" in a video advertisement that went viral online. After the musicians' lawyers contacted those of the toy company about the use of the parody song, GoldieBlox filed a pre-emptive action looking for protection from the courts for its decision, according to The San Francisco Chronicle.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

TPP delayed until 2014

The intellectual property chapter of the Trans-Pacific Partnership (TPP) Agreement has been the subject of plentiful discussion for the past few weeks. This trade treaty includes intellectual property proposals that were released last month by WikiLeaks. In the normal course of events, the details of such an agreement would be discussed in secrecy until the agreement was signed, according to PC World. However, the whistle-blower website disclosed these details and sparked a lot of discussion in the international relations and intellectual property spheres.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

NASA and Maryland enter tech transfer agreement

The state of Maryland is partnering with NASA's Goddard Space Flight Center in Greenbelt to create a new partnership to attract tech companies to the state. More tech companies mean more talent for NASA to draw from as well as continued economic prosperity in Maryland.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Copyright industries bolster US economy

According to a new report from the International Intellectual Property Alliance, jobs involving intellectual property comprise 6 percent of the U.S. GDP. The research said copyright industries added $1 trillion to the U.S. economy in a year. The copyright industries are those involved in the creation, production, distribution and exhibition of copyright materials - from newspapers and books to TV and radio.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Intellectual property and the California economy

Intellectual property is a hot topic in California, as many of the state's most prosperous regions depend on it for their revenue and success. For example, San Diego is the second most inventive city in the world, according to U-T San Diego. For every 10,000 residents, the city files 8.9 new patents, according to the Organization for Economic Co-Operation and Development.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Annual IP5 Statistics Report released

The IP5, a group of the world's five largest patent offices, released its 2012 IP5 Statistics Report recently. The report is available to the public on the organization's website.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Space station research raises IP concerns

As companies are increasingly interested in completing research in the U.S. National Laboratory on the international space station, intellectual property laws are giving some of them reason to pause and consider the ramifications of this decision.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Hackers pose IP threat, according to Symantec head

Steve Bennett, chief executive of Symantec, is warning businesses that intellectual property theft is the greatest threat from hackers. While businesses focus on cyber risks such as malicious attacks and consumer data breaches, hackers are often interested in stealing intellectual property.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

House to vote on Innovation Act

On Nov. 20, the House Judiciary Committee voted 33-5 to send the Innovation Act to the floor. During the amendment process, the committee added back two important provisions: covered business method patent review and demand letter reform. The Innovation Act is meant to target patent assertion entities and the time and money they cost corporations and innovators. It includes a provision to shift fees onto the losing party in a patent suit. It would also allow consumers of products under patent dispute to wait until suppliers and manufacturers of the product complete their suit to determine whether they are allowed to continue using the product.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.

Largan Precision Co. suing Samsung Electronics Co. for patent infringement

On Nov. 14, Largan Precision Co. filed a complaint in U.S. federal court in San Diego seeking damages for alleged patent infringement by Samsung Electronics Co. Largan is alleging Samsung infringed six of its imaging lens patents in the Galaxy Note and S series smartphones. Largan is additionally claiming the infringement was intentional, and is asking the court to triple any damages rewarded as a result. Largan seeks an order barring use of its technology, as well as a halt to U.S. imports of Samsung products that infringe its patents, according to Bloomberg.

Peter Ackerman

Peter Ackerman

Founder & CEO, Innovation Asset Group, Inc.