Wednesday, September 21, 2011

Patents: What are we doing to ourselves?

Please read this excerpt and shake your head.

Amplify’d from

But anecdotal evidence is one thing. Data is another. Three Boston University researchers have produced a rigorous empirical estimate of the cost of patent trolling. And the number is breath-taking: patent trolls ("non-practicing entity" is the clinical term) have cost publicly traded defendants $500 billion since 1990. And the problem has become most severe in recent years. In the last four years, the costs have averaged $83 billion per year. The study says this is more than a quarter of US industrial research and development spending during those years.


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