With much attention promoting the entrepreneurial
spirit for STEM graduates to excel and thrive,
Charles Duhigg has unearthed the evolution of
some roles patents play in a recent NYTimes
article and podcast.
Duhigg observes that we are now in the
iEconomy and that patents take on strategic
roles of defining new concepts even before
successful demonstrations or products are
prototyped as we have moved from an
industrial economy to a digital and often
We have written about patent trolls previously.
While these are mentioned, entrepreneurs are
paying attention to the patent landscape in “different
lights and using microscopes” when thinking about
business ventures, venture capitalists, competition
and the law.
One interesting area, new to me, is “standard essential”
patents that are significant in many software and presumably
hardware concepts. They are neatly defined by the
example of the railroad rail gauge on moving from one
state or country or company to another. In order for
the public to be served, standards had to be agreed upon
and set. Then, all users had to agree to license and
share for fair compensation.