MHTA – The U.S. Chamber of Commerce’s Global Intellectual Property Center (GIPC) has launched its IP Delivers campaign. It is designed to highlight the importance of intellectual property (IP) protection in the development of innovative and creative economies in Minnesota across the globe.
“Effective intellectual property (IP) protection delivers jobs, global innovation, consumer safety, and access to innovative products,” said David Hirschmann, President and CEO of the GIPC. “The IP Delivers campaign will highlight the consumer and economic development benefits of a robust IP system for all economies.”
Analaysts report IP suppots half of Minnesota’s private sector jobs or more than 1.27 million positions. They also say $116,543 of output per IP job creates a total of $242,777 output in Minnesota’s economy.
“Innovative and creative industries—from technology to pharmaceutical, entertainment to consumer products, and apparel to aerospace—rely on intellectual property to deliver innovation and economic development,” added Hirschmann. In the United States alone, these industries directly and indirectly employ 55 million Americans and contribute more than $5.8 trillion in output. “IP Delivers will advocate for effective and robust IP policies around the world, which will help bring investment, innovation, and jobs to all nations large and small.”
IP Delivers will also serve as an online resource for basic education about intellectual property, testimonials from inventive and creative enterprises around the globe, and research into public policy surrounding IP. The campaign will also organize events internationally to advocate for the rights of innovators and creators who depend on IP.