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The most successful economic periods in the Dominican Republic have been fueled in the past by growth in tourism, telecommunications and maquiladora manufacturing but a handful of entrepreneurs are working to add new pioneers across all economic sectors. As part of my recent series on Latin America, we take a quick look at developments from the Dominican Republic.
Washington Starts Standing Up to Patent Trolls
The White House is hoping to address the skyrocketing number of patent infringement lawsuits with a new series of executive actions and legislative priorities targeted at so-called ‘patent trolls.’ According to a new report by the President’s Council of Economic Advisors, National Economic Council and Office of Science & Technology Policy, the total number of patent cases has nearly doubled in the past seven years. More alarming is the fact that in that same amount of time, the number of suits filed by patent-trolls—companies that own patents for the sole purpose of litigating to receive license fees—has more than tripled to 62% of all cases.
This Week in Entrepreneurship Policy
In a relatively slow week for hearings, the House Committee on Financial Services explores ‘Reducing Barriers to Capital Formation’ and international regulatory burdens on U.S. competitiveness. Other hearings on the House side include: challenges and opportunities for small business contractors, review of the satellite television law and more.
A Look Back at Innovation Daily
Each day, Innovation Daily checks the pulse of global innovation--courtesy of Innovation America. Here, we take a look at a handful of relevant stories it compiled last week.