The Innovation Act of 2015: Congress Targets Patent ‘Trolls’ Again

These reforms are aimed ostensibly at protecting emerging and innovative market enterprises. Rep. Darrell Issa (R-CA), another of the bill’s supporters, explained that “increasingly, Americans find innovation obstructed, with attempts to enter the marketplace frequently shut down by well-funded patent trolls who exploit loopholes in the patent system.”[2] But if this is really the Act’s intent, something may have gone awry. The companies lining up in support of the Innovation Act include Apple, Google, and Broadcom – not exactly average garage start-ups. Meanwhile, those who should be cheering legislation aimed at making it easier for start-ups to enter the marketplace are urging caution.

5 Lessons On Innovation From Modern-Day Explorers And Adventurers

As a former Arctic expedition leader, and now innovation researcher, I began to notice some years ago that most things, from a simple shirt collar to the most sophisticated computers, originated with someone with extreme needs pushing the boundaries of human ability. And having been in these positions myself, I began to explore why.

The importance of US patent quality

From computing and electronics to biotechnology and pharmaceuticals, America is home to the world’s most cutting edge innovations. One of the reasons for this wealth of invention is the protection afforded by high quality patents. A patent system that continues to promote and protect our inventions is critical to our economic success and global competitiveness.

Innovation Is More than a Buzzword - Consumers Are Willing to Pay 21% More for Innovative Brands

The 2015 Ketchum Innovation Kernel Study, the first multi-country survey to calibrate the importance of innovation as a brand attribute, shows that 68 percent of consumers are willing to pay on average 21 percent more for a brand they consider innovative. Of the more than 4,000 working adults polled across the United States, United Kingdom, Spain, Mainland China and Hong Kong, nine in 10 also say that innovation is important to their brand preference.

Do patents still work in today’s fast-moving tech landscape?

Patents are a complicated topic. There are camps of people that think they hinder innovation, as they offer a legal monopoly in an innovation over a fairly long period of time. On the other side are the companies and entrepreneurs that try to protect their innovations through the patent system. Major companies spend millions and even billions on research and development, and patent their innovations to protect rapid copying of current and future products.

Did the National Broadband Plan spur innovation?

How has the U.S. done overall since 2010?  Here’s what we found: Deployment – The plan’s audacious goal of encouraging private investments to provide 100 million homes access to the Internet at speeds of 100 Mbps by 2020 now appears to be a foregone conclusion. Operators have installed hundreds of thousands of miles of new fiber optic cables, with incumbent communications companies all offering full or hybrid fiber broadband in much of the United States.

Women Are Primed To Lead In This New Era Of Car Innovation

Women's participation in business and MBA programs has grown more than five-fold since the 1970s, and the increase in the number of engineering degrees granted to women has grown almost tenfold. So, is it any wonder that women engineers are leading the way in some of the technological advances in the car industry, which will dramatically change the automotive industry more in the next decade than it has in the past 50 years?!

Senate Small Business Committee finds consensus on patent reform

Significant consensus was reached between representatives of small business and universities at a hearing of the U.S. Senate Committee on Small Business and Entrepreneurship on March 19, 2015. The hearing was held to take testimony relating to proposed reforms to the U.S. patent system. The day’s discussion prompted Sen. Chris Coons (D-DE) to make the comment that the argument over whether there is any need to diminish the rights of patent owners has been “turned on its head.”

Russian Rocket Ban Sparks Competition, Innovation in New Space

The ban not only reduces rocket revenue sent to the not-so-friendly-lately Russian government, but it also does something else. It creates an immediate need for a new era in American rocket engineering and manufacturing. More important than the geopolitical statement is the catalyst for American innovation.

SXSW talk: how innovation happens, with Walter Isaacson, Eric Schmidt and Megan Smith

At a tech conference, it’s tech leaders who pack in the seats, even more than most celebrities. Who knew? Walter Isaacson, the author of “Steve Jobs” and “The Innovators” moderated a panel on what makes innovation, what could be done better in places like Silicon Valley and Washington D.C., and why history shows us how innovators like pioneer Ada Lovelace did what they did. It featured United States CTO Megan Smith and Google chairman Eric Schmidt.

Stop patent trolls from preying on innovation

Trolls force businesses to make a difficult decision: righteously fight back but pay lawyers millions of dollars over several years, or pay hundreds of thousands of dollars as a “license” to make the troll go away. Kinze faced this situation in 2012 when we were sued by a company that owned patents titled “Electronic Proposal Preparation System” and “Electronic Proposal Preparation System for Selling Computer Equipment and Copying Systems.” We managed to reach a solution that kept legal bills low while not giving in to demands.

Senator Hatch: It’s Time to Kill Patent Trolls for Good

Sen. Orrin Hatch (R-Utah) penned an op-ed in Wired on Monday outlining his must-haves in any patent reform legislation. Those include increased pleading standards, demand letter reform, a fee shifting provision, a customer stay provision and another that would ensure the recovery of legal fees. In the face of some criticism to the broad approach, he said: "I have repeatedly been told that a multi-pronged approach that tackles each of these issues is needed to effectively combat patent trolls across all levels of industry."

What immigration has to do with innovation

The unique success of innovative startups in the U.S. economy compared to anyplace else in the world (except perhaps Israel) reflects the diverse, jostling, even chaotic nature of U.S. society, with so many different ideas, viewpoints and approaches.

A New Approach to Innovation

Of all the recent business buzzwords, innovation and disruption rank among the most popular. What you may be surprised to learn is that they also rank among the most widely misunderstood. Indeed, if you were to look up either term's definition, you may be surprised at what you would find—and the resulting implications.

Top Economists, Conservative Activists Warn Congress Not To Mess With Patents

Academics and activists joined forces this week to pressure Congress not to move forward on patent reform, claiming the legislation would disrupt innovation to solve a non-existent problem. In recent weeks, both the House and the Senate have introduced bills designed to discourage abusive patent litigation, known as “patent trolling,” in response to claims that frivolous patent cases discourage innovation and force U.S. businesses to spend billions of dollars every year defending themselves in court.


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