A recent article titled "Shiny, Shiny Patents" posted on minyanville.com features Mark Webbink, Director of the Center for Patent Innovations here at New York Law School, in a discussion on the current state of the patent industry. According to the article, the record numbers of patent filings, some of potentially dubious quality, has created a "cottage industry" of companies that do not invent anything, but merely acquire, license, and enforce patents. Webbink discusses the pros and cons of the current state of the patent marketplace, the importance of programs like Peer-to-Patent that seek to ensure patent quality, and the resulting confidence in markets that promotes innovation. Click here for the article.
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