Founded in 1790, the Patent Office aimed to put innovation and entrepreneurship within reach of every citizen. Now, 10 million patents later, critics say an out-of-touch system is doing the opposite.
When academics come up with a viable innovation, they need to figure out the best way to protect their intellectual property if they're going to bring it to market. Patents aren't always the answer.
Nobody loves patent trolls. But new legislation in Congress aimed at the trolls isn't necessary, since the effects of recent patent reforms are only starting to be felt.