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Silicon Valley has long been the reigning paradigm of innovation, with its ecosystem of universities, financiers, mentors, immigrants and robust patents.
And if patents are infringed, judges should favour monetary penalties over injunctions that ban the sale of offending products and thereby reduce consumer choice.Pinch and bloomA world of fewer but more robust patents, combined with a more efficient method of settling disputes, would not just serve the interests of the public but also help innovators like Apple.
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The conventional wisdom among economists has been that a robust patent system helped transform the United States into an economic powerhouse.
Investor Pete Higgins of Second Avenue Partners lauded Ice Energy for: 5 million hours of operational run time, its operational utility projects and a robust patent portfolio.
HTC has tried hard to protect itself, picking up S3 Graphics — and more important, S3's robust patent portfolio — for $300 million.
With a robust patent portfolio of more than 1,700 patents and over 200 applications published in its name, Apple did not really focused on building concentrated patent portfolios around physical products until roughly 2003 when the iPod began to hit its stride.
A better explanation for big verdicts and robust patenting activity is the surge in innovation.
The entrepreneurs chose to invest in a robust international patent.
Since Facebook is a young company, it doesn't have as robust a patent portfolio as other big successful tech companies.
The arrival of these new business-minded players, according to patent experts and economists, could lead to a robust marketplace for patents, where value is determined not so much by court judgments but by buyers and sellers, perhaps, someday, like eBay.
The strategy is a key one for any tech business – a robust library of patents provides a solid legal defense in cases where there's any question as to the origin of any kind of technology innovation.
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