Shortening patent terms or varying the terms by industry would be daunting but there are some information fixes that would help innovators, business people, and investors understand the real world of valid patents and it starts with making the expiration date of patents knowable.
This week's collection of business methods patents included US 8,429,061, "Bicycle Suspension Control Apparatus." After looking at 135 flow charts and network diagrams up popped a beautiful drawing of a bicycle and a patent that went from filing to grant in little over a year. A bike and a business method...
The hunt for the attention grabbing gizmo, the wrist mounted watch, walky-talky is on. But Dick Tracy was making calls on his in the 1940s. The iconic radio watch appeared after Chester Gould and Al Gross met. Now the latest round of wearable technology is resurfacing. But how new is it?
The future...a keyboard, a console, and the Internet.
Arthur C. Clarke knew in 1974.
In 2009, $400 billion was spent on R&D in the US. Business funded about $247 billion (62%) of total R&D followed taxpayer funded research — $124 billion (31%) of the total. The academic sector accounted for $54M in research or 14% of the total. The taxpayer provides the majority of reseach money going to universities. What did the taxpayer get?