As Congress moves closer to reforming a patent system that often has become an impediment to the innovation it is meant to inspire, many in America's innovation community - including garage entrepreneurs and venture capitalists - are worried that the reforms are only going to make matters worse.
"The way the bill came out really disadvantages small start-up companies," said Kelly Slone, an analyst at the National Venture Capital Association, which is among a diverse group of opponents to the America Invents Act of 2011.
The association, the nation's largest trade group for early-stage investors, complains that the proposal moving through Congress creates new ways for third-party outsiders to challenge the validity of an issued patent, a move that allows established companies with teams of product developers and litigation war chests to "string out small companies until they are out of money," Slone said.
To read the full, original article click on this link: Patent system reforms could squeeze out start-ups - JSOnline
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