A US government survey has highlighted the importance of
intellectual property in the US economy by reporting that nearly
35% of US gross domestic product ($5 trillion) comes from 75
IP-intensive industries that employ 40 million people. These
intellectual- property intensive industries are identified as movie
studios, drug manufacturers and high-technology companies.
Thomas Donohue, president of the US Chamber of Commerce, made
the comment that "in laboratories and studios and research
hubs, and even in home garages, entrepreneurs and innovators are
hard at work turning their ideas into real products". But
"innovation can't create jobs without strong IP
protection". Likewise, IP protection does not create a
successful business without a clear intellectual- property
commercialisation strategy.
