Harvard Business School's Rosabeth Moss Kanter, former E*Trade CFO Bruce Nolop and other members of The Experts weigh in on the effect the patent system has on innovation.
The ability to own a discovery and reap rewards from the investment in that unique invention or concept encourages innovation. Why invest, if predators could easily steal the idea and make it their own? The patent system is the innovator’s friend. But the current system is not necessarily the friend to the public that wants to see innovations put to use. Industry giants can lock up ideas and sit on patents in order to discourage competition. We should favor “use it or lose it” rules that ensure that true innovators can’t be driven out of an industry because incumbents protect their turf.
To read the original article: The Experts: Does the Patent System Encourage Innovation? - Wall Street Journal - WSJ.com
