Article One Partners, LLC launched today as a new system for scrutinizing the validity of patents. The new venture hopes to extend the idea of peer review to finding evidence of validity for high profile granted patents. Like Peer-to-Patent, the company's founders hope to use the Internet to create a global community of experts to review patents issued by the U.S. Patent and Trademark Office. The idea is to tap the wisdom of the online masses to unearth "prior art" — evidence that an invention is not novel and therefore doesn't deserve a patent — that the Patent Office may not have known about when it approved the application. Article One offers its users financial incentives to submit prior art on a patent and then analyzes the submissions to determine whether a patent is legitimate or invalid.
To read the full press release, click here.