East Texas leaders discuss economic development through intellectual property patents [Video]

TYLER, Texas (KETK) – Texas Rep. Nathaniel Moran (R) and East Texas entrepreneurs discussed how the area can be turned into a hub for innovation on Tuesday’s event hosted by the University of Texas at Tyler East Texas Launchpad.

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“As a member of the judiciary committee and further as a member of the subcommittee that deals with intellectual property is something that we know is critical to our economic growth in Texas,” Moran said.

Intellectual property was one of the main topics discussed during the event.

“Otherwise referred to as IP, is the rights for an inventor to actually keep the rights to their invention to be able to monetize those and it prevents from other people infringing on it which is to say, use it without their permission,” Brandon Reynolds, director of UT Tyler’s ETX Launchpad, said.

During the event, Moran said securing people’s rights to intellectual property is necessary as new ideas come …