Fixing the US Patent Office would have unexpectedly huge effects. This idea could be implemented in a few days and instantly unleash innovation. Here is how to encourage investments and creativity to boom the economy nearly instantly:
1. initial patent application is posted immediately for the public before a patent clerk ever sees it (website, data feeds to all news outlets, and shared with all other national patent offices).
2. patent fee is reduced to $250 for all patent applications with NO recurring fees.
3. patent clerk reviews ONE application through completion (rather than assembly line).
4. all iterations/re-submissions are immediately updated on the website and released to news agencies and other national patent offices simultaneously.
5. some patents require protection from vulture capitalism and the patent clerk might recommend "protective capital" for patents that might have significant impact on society or might be abused by large monied interests. The funds would never be for investment purposes, but would be released to the inventor without oversight. The patent clerk would argue in the House of Representatives'for approval. Amounts to be kept small (certainly <$25 million). Discussions would ALWAYS be in the House and never in committee or subject to Senate approval. Protective capital might be used by the inventor to locate trusted investors, file international patents, and/or sit on the invention until better conditions existed. C-SPAN and interested people would keep this under control.
6. Newspapers would list ALL patent applications, ALL patent approvals, and also list those patents approved for "protective capital" in a separate section.
7. A separate Trustee office would keep a non-public record of all patent licensees in a secure location.
The above puts the job of policing patent rights and possible infringement onto the inventor and public rather than the patent clerks. It also fuels investment without the need for inventor advertisement. It would stimulate the American economy as world-wide inventors spur innovation into the most trusted patent office on the planet.
Site Information
About Us
- RonPaulForums.com is an independent grassroots outfit not officially connected to Ron Paul but dedicated to his mission. For more information see our Mission Statement.
Connect With Us