The top most tech companies are joined together and initiated the High Tech Inventors Alliance (HTIA) for supporting balanced patent policy. The eight top most tech companies are Oracle, Dell, Google, Adobe, Intel, Sales force, Amazon, and Cisco. According to HTIA alliance, they own more than 115,000 U.S. patents and recognized the need of inventors to have a well-functioning patent system.

The Alliance’s general counsel and authority John Thorne said that the innovation is creating new and better products and services. It is fundamental to the success of the high-tech industry and its ability to drive economic growth and create American jobs and they spent $62.9 billion on research and development last year and they have over 447,000 employees in US.

And also he said that the patent system when does not function well, it is the loss of all Americans – inventors, employees, investors in productive businesses and ultimately, consumers.

The Author is a Patent Specialist from MR Technollect Solutions (www.MRTechnollect.com)