Here’s the challenge in a nutshell: innovation drives the - TopicsExpress

Here’s the challenge in a nutshell: innovation drives the economy, but much of the new technical knowledge required for such innovation is contained only in patents. The U.S. patent database is the world’s largest encyclopedia of technology improvements and technology experts in the world. Some of that database is directly relevant to the new products and services that any individual company is working on improving or creating. But the database is too hard to access. Accessing the knowledge and expertise contained in the patent data-base is not a problem for large Fortune 500 companies. Giant companies have long recognized the value of the patent database and spend millions, and in some instances billions, on dedicated teams and expensive tools to mine the patent database for competitive advantage and effective legal risk management. But for the vast majority of smaller and mid-sized businesses that are responsible for the bulk of U.S. job creation, patents represent not a treasure trove of new technical knowledge but a growing multi-trillion-dollar database filled with infringement risk. /via Emerson Marques Pedro

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