""The suggestion that patents are anti-progress is a dangerous myth that continues to be perpetuated by those who are ill-informed or believe sharing inventions for free is a more expedient strategy than paying for a license." Sharing information about an invention is not an option. With patents, disclosure is a requirement which benefits the inventor, other inventors and society. When and how an invention is shared makes a huge difference."
"The Patent Bay, a new patent platform from a Swedish company that believes some patent owners are hoarders, is looking to change how patents are shared and used. A patent is meant to disclose an invention in exchange for a limited period of government granted exclusivity. To encourage sharing, a U.S. patent application must be published for public access 18 months after it is filed, whether or not it has been granted."
"The Swedish engineering company, SKF, a leader in ball bearings and automotive parts doing business in 135 countries, said in a recent paid editorial that pooling knowledge has changed the world. "Now, a new patent-sharing platform aims to stoke industrial innovation - starting with open access to the formula for a new steel alloy that will enable cleaner aircraft engines.""
Patents mandate public disclosure of inventions in exchange for a limited period of government-granted exclusivity. U.S. patent applications are published 18 months after filing to promote knowledge sharing and allow others to learn and potentially improve upon inventions. Disclosure of an invention is distinct from granting the right to practice it; licensing or platforms determine practical sharing. The Patent Bay, originating in Sweden, seeks to change patent access by addressing perceived hoarding and enabling broader use of patented technology. Large engineering firms advocate pooling knowledge and patent-sharing to accelerate industrial innovation and cleaner technologies, while filers worry about revealing pipeline details prematurely.
Read at IPWatchdog.com | Patents & Intellectual Property Law
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