Do patents help or harm innovation?
Do patents help or harm innovation?
31 Jul 2023
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Description
Great inventors like Alexander Bell, Henry Ford and Hedy Lamarr followed the innovation right of passage - patenting their inventions, and in return earned a lot of money from those patents. However, Marie Curie is testament that not every invention requires a patent, as she discovered the chemical element, radium, and rather than patenting, Marie chose to let others build off of her research instead. VP of R&D and Innovation at CooperSurgical, Milan Ivosevic, discusses a patents potential to help, or even harm, innovation.
Table Of Contents
What is a patent?
Ivosevic defines patents and explains why governments are trying to stimulate inventors through this legal framework.
Patent-pending
Oftentimes there's a time lag between inventing and receiving the patent. Ivosevic details the strategy behind timing your patent application.
The future of patents and open-source tech
As open-source technologies improve, the potential for new, faster-produced inventions increases too. But, will open-source inventions be patentable? Ivosevic forecasts the future of patentable innovation.
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