WASHINGTON, DC – The National Venture Capital Association (NVCA) today announced its support for the STRONG Patents Act of 2015 after the legislation was introduced in the Senate by Senators Chris Coons (D-DE), Dick Durbin (D-IL) and Mazie Hirono (D-HI).
“The right to protect one’s ideas is a bedrock principle of our country and a vital component to the health and well-being of the entrepreneurial ecosystem. I commend Senator Coons and his colleagues for introducing legislation that will bring appropriate reforms to our patent system,” said Bobby Franklin, President & CEO of NVCA. “The venture community is a strong advocate for patent reform and believes steps should be taken to curb abusive behavior while also maintaining a robust patent protection system so that small startup entrepreneurs can defend themselves and their patent rights. While we look forward to working with lawmakers to help improve the legislation at it makes its way through Congress, we believe this is a good start and are supportive of the STRONG Patents Act.”