A patent-innovation cycle revamp

The accepted model of the patent system driving innovation may work well in theory but measuring its efficacy is a lot harder to achive in the real world.

The concept of protecting ideas and innovation by legal means dates back to antiquity. But in the age of the internet and multinational business models, many of the existing laws are under strain, their suitability and ultimate purpose called into question. So does the patent system, as it stands, really promote ideas and innovation, as is regularly claimed?

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