4 ms·
>Can patents be molded to protect the small innovator? There's plenty of cases of a small or lone inventor making big companies pay for infringing a patent. I
by ChrisLomont 8y ago
>Can patents be molded to protect the small innovator?
There's plenty of cases of a small or lone inventor making big companies pay for infringing a patent. I think patents are about the only protection for a small innovator to get enough leverage to enter a market.
As a small innovator myself, at probably every pitch I've ever made to investors, I've been asked immediately if I have patents. When I've looked at Chinese manufacturing for products, the first thing they ask is about patents (un-patented means they can copy and sell in a lot of markets, patented makes it harder for them to sell in markets where I have a patent).
There's also plenty of people that are skilled at invention, that don't work for a big mega-corp, and they make their living by being able to stop big corporations from simply stealing their product ideas and crushing them via bigger and better distribution networks.
Patenting a key aspect of a new item gets small players a seat at the negotiating table where a big player has to buy the product. Without patents this would rarely happen.