The majority of recent patent litigation has been driven by "nonpracticing entities" (NPEs) – firms that generate no products but instead amass patent portfolios just for the sake of enforcing IP rights.
Extraordinary technological breakthroughs over the last 300 years have touched almost every aspect of human activity and transformed the world’s economies. The 2015 report shows how three historical breakthrough innovations – airplanes, antibiotics and semiconductors – fueled new business activity. It examines three current technologies with breakthrough potential: 3D printing, nanotechnology and robotics. And it considers the future outlook for innovation-driven growth.
Innovation activity is at an all-time high. Using patents as a proxy for innovation, there were more unique inventions that were published applications or granted patents over the last year than ever before in the history of humankind. Another finding this year is that while patent activity has been on an upward climb, its ascent over the past year was the slowest since the global economic recession in 2009. This could be the result of myriad factors, from changes in legislation to economic, political, social or industry stresses.
Small business owners lamenting patent trolls and calling on Congress to support the chairman's Innovation Act, which aims to rein in abuse of the patent litigation system.