An Entrepreneur’s Guide To Patents (Part 1): The Basics

Via TechCrunch:

some authors and commenters around the web do not fully understand patents and the patent system. In some instances, the scope of a patent was blown way out of proportion and deemed excessively broad. In other instances, conclusory statements were directed toward the entire patent system without an explanation or justification. For example, some people claim that patents are outdated relics that now only serve to stifle innovation. Typically, this argument has been made in regards to so-called “software patents,” but it is interpreted by many as implicating the entire patent system.

An Entrepreneur’s Guide To Patents: The Basics | TechCrunch

Points:

  • “One of the key principles of the patent system is to serve as an incentive for innovation.”
  • “…the rise of computers and software allowed novel ideas to be created quickly with little or no capital expense required, and they created a new virtual field, where inventors applied for patents for seemingly abstract ideas and business methods.”