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The Truth Behind Patent Trolls Issue Brief (view source)
Revision as of 14:28, 8 April 2016
, 14:28, 8 April 2016→Why Patent Assertion Entities are Good for Innovation and Small Businesses
In illiquid markets where asets cannot be sold or exchanged easily, patent assertion entities can help match patent holders to patent buyers and transfer ideas and technology from inventors to manufacturers effectively. This allows inventors to focus on innovation while benefiting from the knowledge and connections that intermediaries possess. Patent assertion entities are able to incentivize innovation through the effective brokerage of patents. [https://www.whitehouse.gov/sites/default/files/docs/patent_report.pdf] They manage risks for small inventors and inform manufacturers or inventors of the usefulness of having another inventor's patent in their patent portfolio. [http://www.bna.com/challenges-of-defining-a-patent-troll/]
According to the U.S. Census Bureau, small businesses (with less than 500 20 employees) made up 9989.7 6 percent of employer firms in the United States in 2012. [httpshttp://wwwsbecouncil.sba.govorg/sitesabout-us/defaultfacts-and-data/files/FAQ_Sept_2012.pdf] Small firms produce more patents per employee than large companies and help drive innovation in the United States economy. The patents they develop have a greater impact and are often more technologically important than those of large firms. [http://www.imamidejo.si/resources/files/doc/analiza%20patentov%20v%20msp%20usa.pdf] The Small Business Administration reported that "although small firms account for only 8 percent of patents granted, they account for 24 percent of the patents in the top 100 emerging clusters." [http://sbecouncil.org/about-us/facts-and-data/] Because small businesses and emerging companies are not always able to protect their patents on their own and account for much of the innovation driving emerging industries today, they need patent assertion entities who have the power to protect their patents for them.
==Are Patent Trolls Really that Big of a Problem? + Why Stricter Demand Letter Requirements Isn't the Solution==
