The U.S. Supreme Court has officially declared that we now live in the “Information Age.” Intangible assets are estimated to account for nearly seventy five percent of the value of publicly traded companies. Innovation, a form of “information in action,” has been recognized as vital to economic growth. This increase in the importance of innovation and information has inevitably led to concern with intellectual property. Despite this concern, empirical evidence about how the IP regime operates and its potential for reform has been frustratingly sparse.
This introduction to the University of Texas School of Law Symposium on Evidence-Based IP discusses the progression of IP based research and scholarship to better set the stage for the discussion of a more empirically-based focus in IP related research.