Why America’s Patent System Is Not Killing Innovation
The Fortune website posted an article which noted that the open innovation model, by which distinct (sometimes even competing) entities share information, research and expertise to develop new inventions and products, is an illustrative example of how patents encourage knowledge-sharing and create value. According to recent research, firms that harness information from multiple sources enhance innovation and provide additional value for customers. Though some storytellers portray patents as necessarily anti-collaboration, in practice it is quite the opposite.
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