With the new patent law, now more than ever you need an automated collaborative system for ideas.
The new patent reform law has many ramifications and I want to look at one of them. At its essence the “America Invents Act” has one critical attribute: Instead of awarding patents to those with “first to invent” status, it is based on “first to file” for their patent. Just like Ken Jennings vs. the IBM computer on Jeopardy, the computer can hit the button faster than is humanly possible.
It’s true the America Invents Act purports to shave time off the patent approval, juggling 750,000 patent applications with a 4% increase in filings, from the current three year wait to a guaranteed 12 month turnaround. But the new law will likely force inventors to build a patent portfolio rather than relying on a single patent. Ergo the patent lawyers will have to file several times to keep first-filing status at each stage of enablement of a company’s good idea.
To read the full, original article click on this link: Front End of Innovation Blog: The new Patent Law Effects You! The top ten reasons why you must have an idea management system
