Yesterday saw the unveiling of a new White House initiative to combat patent trolls. The measures are a welcome follow-through to President Obama’s online comments and could be a much needed step towards curbing the power of patents. The announcement correctly highlights the fact that patents are intended to encourage innovation and protect innovators. Patent trolls, in contrast, represent the very antithesis of patents desired usage and outcome; “costing the economy billions of dollars and undermining American innovation”.
Dealing with trolls needs to be a first step though. The patent system contains other flaws, equally damaging to innovation and competitive business practice . Yesterday’s other big patent news was of the ITC’s decision that Apple are in breach of Samsung’s patents Continue reading