Venture capitals slam patent reform bill
16 November 2007
Eileen McDermott, New York
A group of 30 venture capital firms representing high-tech and life sciences investors have written to Senate leaders criticizing elements of pending legislation to reform the US patent system
The letter, dated November 6, was addressed to Senate Judiciary Committee chairman Patrick Leahy and Senator Arlen Specter of Pennsylvania, and outlines the companies’ concerns with S1145, which is pending in the US Senate. If passed, the bill would introduce substantial changes to the US patent system.
Prepared by the Innovation Alliance, a group that has come out strongly against S1145, the letter includes signatories such as The...
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