Patent Transparency Critical for Innovation
Exploding numbers of patents and their declining quality, in both IT and the life sciences, are creating an urgent need for greater patent transparency and better public oversight. CAMBIA’s Patent Lens, as featured in Red Herring’s cover story this week, is a major step toward solving this problem.
The lifeblood of both the IT and life sciences sectors is continuing innovation. The key function of the patent system is to fuel innovation by disclosing new and non-obvious inventions for public benefit. There is a need in both industries to ensure an open and fair patent system that keeps this public good function in focus.