I just talked about how this class did a very good job of giving an overall view of the patent industry. I believe I have a good understanding of the patent basics, the application process, and current problems and limitations.
In class we talked about how important it is to file a patent. Unfortunately, not everyone will have a strong foundation knowledge on patents, and this is where I think I can make a difference. Just like I have mentioned before, when companies go on "Shark Tank", one of the most frequently asked questions is "is this patented?". I would definitely be the one in my company to ensure that the answer to that question is a "yes".
As someone with a background knowledge in patents, I want to be the one who ensures my company's product safety through patent filing. And in the event that we are sued by a patent troll, I will know how to handle them because all the trolls are looking for are settlements to make money off of. From this class I also learned the value of open sourcing, and so I would suggest some things to be patented, while others would be good candidates for open sourcing to encourage faster development by larger groups of people.
I think that this class has honestly given me a great advantage when I get into the workforce. I will definitely value intelligence property more than my peers and I can use that to help myself and the company move forward.
Have you considered actually patenting a product? With this class and your background, I am sure the opportunity will arise, allowing you the advantage of having your own patent.
ReplyDeleteHi Michael, you sound like you might be working for a start-up or a product team in the future. I agree that the knowledges we accumulated in this class will come in handy. When I did my blog research on the patent trolls, one problem that many start-up faced when sued by patent troll is that they get easily scared. In fact, the trolls could be just sending such request to many people and attack the ones that get scared. Another great point you mentioned is open sourcing. For start-ups, this may be an efficient way to develop products at low costs. Although I think you can improve this post by explicitly mention industries you want to work and use this to illustrate some of the points you made about patent laws, I think it can be hard for us to know at this point which industries we will get into later. Overall, I think it’s a great post. Thank you for sharing your thoughts.
ReplyDeleteHi Michael
ReplyDeleteGreat blog post. You have a nice flow in your writing that makes it easy to follow along. Also, nice job on demonstrating your understanding of the material. I like how you referenced Shark Tank as well. I totally forgot how they ask contestants about whether the product or idea is patentable. This clearly shows Venture Capitalists and angel investors come across patent infringement. The fact they ask this question first probably indicates how expensive it is to not have one. Good luck in the future!
I really agree with what you said in this post. I think it is such a huge asset to have an employee like us with the knowledge that we now have about patents because they are so important in todays business world. I really like the example about how important it is to file a patent early as well.
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