On Wednesday I watched as David Kappos announced the USPTO’s new humanitarian initiative – Patents for Humanity.

“Innovation is 99% about failure, which is expensive,” Kappos said. He’s completely right.

I have long noted that although the U.S. IP market is the envy of the world, not enough attention has been paid to the role of governmental policy to further our leadership edge. This is troubling in light of the oft reported efforts of European, Asian and now the Mid-East efforts to build a technology-based economy using IP as a tool for growth.

Google (GOOG) agreed to acquire Motorola Mobility (MMI) for $12.5 billion this last summer.

Many analysts are puzzled as to why GOOG offered so much, for a business whose sales are a far distance behind Apple and profit margins well below its own.

I have been a member of a number of CEO networking and training organizations over the years, most notably the Young Presidents Organization (YPO). Recently I learned of CEO IntroNet from LES member Gary Keller.

Last November, I was interviewed by the Hong Kong Trade Development Council (HKTDC). The next five years will be crucial in the development of Asia's intellectual property trade, and the opportunity to be Asia's IP central market is Hong Kong's to capture.

Check out the video: Asia's IP First Mover

This afternoon I participated in a segment on CNBC Street Signs with Brian Sullivan. We discussed the funding and launch of the Intellectual Property Exchange International (IPXI).

I encourage you to watch the the brief video interview.

Earlier today, IPXI made several announcements - Funding of U.S. operations, Founding Members, and Board Appointments.

If you missed the news, please make sure to watch the IPXI Introduction Video - a short piece featuring IPXI Co-Chairman, Gerard J. Pannekoek.

Ocean Tomo Clients and Friends of the Firm:

As you know, Ocean Tomo has long been an active participant in the development of intellectual property markets and supporting solutions.

Constituent Company: Cypress Semiconductor Corp.
NASDAQ CM: CY
Website: www.cypress.com
Industry Sector: Information Technology
Average IPQ® Score: 120

Constituent Company: AU Optronics Corp.
NASDAQ CM: AUO
Website: www.auo.com
Industry Sector: Information Technology
Average IPQ® Score: 101.4