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Patent system is meant as an incentive for innovators. There is a need to clearly define and enforce: 1. What is patentable 2. What is the level of protection
by anuraj 14y ago
Patent system is meant as an incentive for innovators. There is a need to clearly define and enforce:
1. What is patentable
2. What is the level of protection that a patent holder gets
3. What are the terms and obligations regarding patent licencing.
In the absense of a suitable patent system, innovator's incentive will come down. Will it hurt the consumers by limiting disruptive innovation? If it does then it makes sense to see how the existing system needs to be made better. If not, let us not differentiate between software, pharma, hardware or whatever - because innovation in any form requires tremendous leaps of faith and pioneering efforts from inventors and should be protected by similar terms and instruments.
- vibrunazo 14y agoPatents are not the only way to incentive innovation. You know what's a great way to incentive innovation yourself? Became an angel investor, those guys are investing in innovation and pushing progress forward many orders of magnitude better than intellectual property is. Don't have enough money? Join an angel group, or fund a kickstarter project. I don't know about the us, but many.countries have programs to inventive innovative startups with funding, incubation and mentorship. Bottomline is, there are.still means to inventive innovation without granting monopolies. If intellectual property magically ceased to exist, men would still invent awesome stuff. You can have my word on that.