
US Colleges and Universities are known for innovation, collaboration, and knowledge-sharing. These qualities help form the bedrock of US economic success. These same qualities also make US universities prime targets for theft of patents, trade secrets, Intellectual Property (IP), research, and sensitive information. Theft of patents, designs and proprietary information have resulted in the bankruptcy of US businesses and loss of research funding to US universities in the past. When a foreign company uses stolen data to create products, at a reduced cost, then compete against American products, this can have direct harmful consequences for US universities that might receive revenue through patents and technology transfer.