Linked by Thom Holwerda on Mon 8th Oct 2012 09:24 UTC
Legal The failing US patent system is getting ever more mainstream - The New York Times is running a long and details piece on the failings of the system, especially in relation to the technology industry most of us hold so dearly. Most of the stuff in there isn't new to us - but there's two things in the article I want to highlight.
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Member since:

Only if you add: in this particular industry.

I'm sure there are industries or even parts of this particular industry where it is still useful.

But in this case it obviously does not work.

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kwanbis Member since:

I bet it doesn't works on most industries.

Reply Parent Score: 2

Adurbe Member since:

Patents worked in the vacuum cleaner industry.

James Dyson patented his cyclone vacuum design (which apparently went through 5,127 prototype designs between 1979 and 1984). As a startup he went to all the big names in the industry to license the design, including Hoover, who turned him down.

As soon as his invention caught on (early 1990s), Hoover copied it and undercut Dyson's prices. He sued Hoover for the infringement and won.

The patents he took out protected his investment of time and money from a big/established corporation/brand simply muscling their way in and stealing his ideas.

Innovation hasn't stopped as a result though. Almost all manufactures now have an equivalent technology on sale.

Reply Parent Score: 3