The first industrial revolution was artificial systems replacing, and exceeding, the capabilities of human and animal muscle.
The second industrial revolution will be artificial systems replacing, and exceeding, the capabilities of the human mind. We are living through the early phases of this revolution right now.
The book should be very interesting.
It seems no one can fix the oil spill. But Kevin Costner has developed a technology for cleaninging oil spills. He is presently in negotiations to license the technology to BP.
You never know who is an inventor and entreprenuer.
The text of the patent is here. It appears Costner didn’t make enough technical contributions to be listed as an inventor. But his company is listed as the original assignee, so he must’ve financed the research.
In a landmark copyright decision, Google won summary judgment against Viacomm. Vaicomm had sought over $1 billion dollars in damages as well as injunctive relief.
“I think there are many, in particular, in the academic world, who seem to assume that nearly all useful innovation would occur anyway, in the absence of the patent system. Certainly some individual inventors don’t need big labs, big staffs, big budgets and years and years of R&D effort. They might create a particular new invention without the incentive of a patent. And there may be individual scientists who likewise might invent without the incentive of a patent. But for most inventions, it seems clear that signifi cant investment of money up front is needed, and it can only come from two sources – either from government grants or from private finance. And it seems clear that, in the current environment, our national budget is in disastrous shape. The defi cits and total indebtedness of the country are enormous. So I don’t see how we can look to public funds being invested in R&D to save the country’s economy from steady decline that I think it otherwise will experience. It will have to be private money. And it seems absolutely clear that you often can’t get significant private money to finance R&D, except by the prospect of powerful patents. So I think the economic future of the country really is going to turn out to rest primarily on the strength of the patent system.”
I completely agree with Chief Judge Michel.
This is blog is dedicated to protecting the rights of inventors and other creative individuals. We discuss matters related to the business of science and technology and specifically issues in intellectual property law. A focus of this blog is patent holders who retain patent litigation firms to protect their interests on a contingency basis.
A small company, or individual inventor, which finds companies infringing on its patent seems to have few good options. Most law firms which are capable of patent litigation are extremely expensive. Furthermore, many large firms may have conflicts of interest because they represent other firms in the industry.
One option is to retain an experienced Patent Litigation Firm which accepts cases on a contingency fee basis. This means that the patent holder does not pay the law firm which represents him or her in patent litigation. Instead the law firm is only paid a proportion of any recovery that is made from the litigation or licensing of the patent.
While this is the focus of our blog, we freely discuss all aspects of the business of science and technology. This is an exciting time to be alive! New discoveries are being made which are maturing into new technologies. Ambitious entrepreneurs are commercializing these discoveries to the world’s benefit. This blog aims to capture that excitement.
We also believe that intellectual property law plays an important part in protecting and fostering innovation, as do attorneys who are available to assist entrepreneurs and inventors.
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