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Even so, there have been initiatives such as the business bank, the cuts in corporation tax, the tax breaks for companies that exploit patents, the catapult centres to encourage exploitation of spinoffs from universities, that may improve Britain's industrial performance given time.
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Drug companies exploit patent laws to extend the period they charge monopoly prices for medicines.
Both exist solely to exploit patent lawsuits in the U.S. Sounds a lot like patent trolling, a much-vilified practice in which contingency lawyers or small companies with no operations sue businesses to extort money.
Licensing agreements that commercially exploit patented inventions from publicly funded research need to be made publicly accessible, to allow for empirical, evidence based policy analysis.
Indeed, competition from generics is so painful to drugs companies that they have invented a series of ingenious palliatives, exploiting patent laws to help maintain high prices.Patents create short-term monopolies.
"It's unconscionable how they're exploiting patent-extension loopholes," says Vermont Governor Howard Dean.
While patents can be a useful proxy for innovation and technological change and diffusion, fully exploiting patent data for such economic analyses requires patents to be tied to measures of economic activity.
Gregory Aharonian, a patent consultant, complains that companies often exploit bad patents "as a fairly nasty weapon" to extort licensing deals.
This can be exclusive - so that the patent owner cannot exploit the patent - or non-exclusive.
I am a director of the operating company and the business of the operating company is to exploit some patents that were invented and registered by Mr O'Brien".
Cambridge Display Technology was founded to exploit the patents and has granted licences to companies such as Seiko-Epson, Osram and MicroEmissive Displays.
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CEO of Professional Science Editing for Scientists @ prosciediting.com