Have an idea you want to turn into a #Startup? Learn how, and then LAUNCH IT IN CLASS!:
And here’s why that isn’t necessarily a good thing:
New patent office opening soon in Silicon Valley, and everyone is cheering. The viral ignorance is it’ll make it easier for all those young entrepreneurs at Stanford and such to get their ideas protected from corporate thieves, enabling them to launch their start-ups and shed their inventions of technology upon the world.
The truth is, more and more patents will prevent technology from being actualized, limiting new technology and inventions to only those that can afford to submit, pay for, protect, and defend their patents.
Case in point:
A developer friend works for a growing tech start-up which has been aggressively filing patents for the last couple of years. He and his colleagues are encouraged to write patents on all their ideas, in fact, he gets a substantial bonus for every patent he writes for the company no matter how obscure or feasible they are. Patents are granted on ideas [with methodology for execution] alone. They do NOT need to be tested or functioning ideas, or even in the process of development. The start-up my friend works for spends in the range of $10,000-$30,000 in filing, bonuses and legal fees on each patent for the following reasons:
–More patents make the company more valuable to investors.
–Patents on their ideas gives the company time to develop them, if they choose to do so.
–Patenting ideas protects the company from anyone else actualizing them in the near [or sometimes distant] future.
–Patent protection enables the company to protect themselves against future infringement suits, and counter-sue for frivolous claims.
…Read more: http://jcafesin.blogspot.com/2012/07/new-patent-office-in-valley.html