Shifting from Quantity to Quality in Patent Applications

VentureBeat has published a good piece on how “innovators are now moving away from creating untargeted, mass-produced innovations that aim only to secure as many patents as possible, and they’re moving toward precise innovation centered around specific product and market needs.”  The American patent system has long been suffering the consequences of the issuance of junk patents that are eventually bought for pennies by patent trolls who then use these patents to shake down various companies and innovators.  Fewer patents can only help our system and make it more difficult for the trolls to conduct business.

William J. Watkins, Jr. is a Research Fellow at The Independent Institute and author of the Independent books, Crossroads for Liberty: Recovering the Anti-Federalist Values of America’s First Constitution, Reclaiming the American Revolution: The Kentucky and Virginia Resolutions and Their Legacy, and Patent Trolls: Predatory Litigation and the Smothering of Innovation.
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