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HBS Working Knowledge: The U.S. Patent Game: How to Change It

Dec 24, 2004, 11:30 (2 Talkback[s])
(Other stories by Ann Cullen)

[ Thanks to Paul Eggert for this link. ]

"When lawyers fare better than inventors and entrepreneurs where U.S. patents are concerned, you know injustice is being done. The current system makes patents easier to acquire, sure, but renders them less prestigious as well, and less likely to attract valuable financing. In addition, older firms that are feeling threatened have learned how to bully younger upstarts by wielding licenses and patent law like a weapon. It certainly doesn't encourage the spirit of innovation, does it?

"However, it isn't just the inventors and fledgling businesses that suffer. The economy as a whole does too, in ways that are often invisible..."

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