The VC, instead of nurturing the inventive process, largely contributed to the crafting of a patent application. The objective was to design it in such a way that it was cryptic and as widely applicable as possible. Despite its questionable practices, the patent was approved, leading to the subsequent funding of the startup.
However, the market didn't respond well to the idea, necessitating a pivot. Meanwhile, there were other companies independently pursuing similar ideas. They could have invested significant time and resources, unaware that they were infringing on an existing patent. It's a speculative guess, but I can't help but wonder if the VC fund is vigilantly searching for successful implementations of the patented idea, ready to initiate lawsuits for patent infringement. This illustrates the potential misuse of patents, which, rather than fostering innovation, sometimes stifle it.
You don't have to advocate for it, and you can advocate against it. But you may not have much a choice on playing.
Anyway, defending a patent requires some deep pockets, and if you don't defend them, they are just cost with no benefit.
Besides, the IBM legal team will come knocking, won't tell you anything that can let you understand why, and you will have no other option but to comply. How many patents you have, or if they actually have one that you are infringing isn't really relevant.
> Anyway, defending a patent requires some deep pockets, and if you don't defend them, they are just cost with no benefit.
unless you just need them for gov't grants that require them - in this case it's an investment into a pre-requisite and if the net capital from the grant is higher than the cost of the patent you got then hypothetically you are ahead; unless there are recurring/other expenses involved in 'maintaining' the patent that I'm not aware of.
Require is a strong word, it's just a strategy they recognize as valid.
Any examples? Interesting, first time hearing about this
Turn your invention into prior art. Publish it, in detail, publicly. Then, if someone else tries to patent it, it's much easier to contest the patent application.
On one had, we shouldn't feed the flames but on the other hand - we may need a foundation of patents for defensive measure or to reaslitically compete against the likes of IBM who have a gajillion patents.
And I'm aware of at least one government grant programs that requires patents apart of their application process. From what I can asertain this is otherwise money on the table, after meeting that prerequsite.
Are you suggesting we walk away from technology grants and just wing it with regards to what may happen when IBM legal team (or other patent troll) comes knocking ?