Somehow, Patent Reform is Becoming Sexy...

The subject made it to the front of the Business section coverage on the patent reform debate in the Washington Post today...

Shortly after Sen. Patrick J. Leahy (D-Vt.) emerged as the new chairman of the Senate Judiciary Committee following Democratic congressional wins in November, he named patent reform as one of his top legislative priorities.

"This leadership of America is only as good as the system that fosters and protects innovation. We have to update it," Leahy said during a December speech outlining his program.

On the House side, Rep. Howard L. Berman (D-Calif.), who has long advocated changes in the patent system, has become chairman of the Judiciary subcommittee overseeing patents. The first hearing he scheduled, "The Case for Patent Reform," drew an overflow crowd, prompting some participants who long toiled in relative obscurity to voice their amazement at people lining up for more than an hour to hear about patents.

Recent previous coverage on the previously ignored topic is here.

Comments

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"The Case for Patent Reform," drew an overflow crowd, prompting some participants who long toiled in relative obscurity to voice their amazement at people lining up for more than an hour to hear about patents.

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But as this is China, it means its 'Christmas bump' in sales is nearly meaningless, thus the October-December sales of iPhone in China is 'far below the world average' for the Christmas quarter

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Nobody will give up a patent that has prioft potential when the product can be commercially placed into service. Your posting had the solution incorporated into its very text. THE LEGAL COSTS are the prohibiting factor. Do away with lawyers, and the problem will go away. Universities need to learn to partner with entrepreneurs to negotiate such deals, to share the risks and the upside in a better fashion. Sunk costs in product marketing need to be given a preferred tax treatment. Perhaps the National Academy of Sciences could be empowered to award or grant a window (two years, five years, etc) to such newly patented technologies/partnerships during which the revenue generated from the endeavor is not tax deductible. Or give them tax credits for any product which is utilized in a developing country or non-prioft which serves those in need.

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