Breaking the patent stranglehold

The patent wars raging across the globe and the news that Apple has done a deal with a renowned patent troll Digitude Innovations has reignited the issue of tech companies joining forces with trolls to gain a competitive advantage in a cutthroat environment.

With tech outfits racing to amass patents one has to wonder whether this push to put profit over innovation is a counterproductive exercise that bodes ill for all involved.

As this infographic from MBAOnline.com highlights, there is a lot more than just dollars at stake, and perhaps it’s time for a rethink on how the patent system operates.

The system designed to protect tech innovators is now under the thrall of tech companies that will try anything to hurt the competition, and outfits that hoard patents as ammunition to extort royalties. The end result is bad for innovators, businesses and in the long run, consumers. 

 

InvestSMART FORUM: Come and meet the team

We're loading up the van and going on tour from April to June, with events on the NSW central & north coast, the QLD mid-north coast and in Perth, Adelaide, Melbourne, Sydney and Canberra. Come and meet the team and take home simple strategies that you can use to build an investment portfolio to weather any storm. Book your spot here.

Want access to our latest research and new buy ideas?

Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.

Sign up for free

Related Articles