Friday, June 10, 2016

Report: Inventions and Patents via Financial Times

Patenting has never been more popular. Applications have reached record levels at the world’s main patent offices — fuelled by a sustained increase in applications from Asia. Patent filings by Chinese companies outside their home country have risen 30-fold so far this century

Update from
FT reports: Inventions and Patents

Please remember:

Erick Schonfeld had written last 2011 an interesting article about "The Terrible Cost Of Patents" at TechCrunch.

* We are in the middle of a patent bubble. 
* Technology companies are spending billions of dollars on assets which they need primarily to defend themselves against the rising tide of patent litigation, they won't invest in new products, new jobs, new facilities or other economically productive activities. And by and large, they will not use those patents to create new products.
* What you and I might consider an improvement, a patent lawyer might consider infringement. 
* Patents were originally conceived to protect inventors—people and companies who contribute to the advancement of society by creating new products. But in the past decade, something went horribly wrong. Patents are increasingly became nothing more than financial and legal weapons, to be amassed in portfolios by "non-practicing entities" (i.e. patent trolls) and used to extort protection money from economically productive companies.

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