Gmanews: Online startup aims to improve patent quality
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Started by: zoobabzoobab
Date: 17 Nov 2008 08:30
Number of posts: 1
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Summary:
To encourage people to take part, the company is offering both a profit-sharing program as well as payments of up to $50,000 to anyone who uncovers evidence that could be used to invalidate a patent. Article One Partners hopes to make money by selling the information it gathers to interested parties — often those involved in infringement suits -- and by making market trades based on the information. [...] The company hopes to build on the progress being made by Peer-to-Patent, a program run by New York Law School that publishes patent applications online in order to gather prior art to be passed along to the Patent Office during the examination process. But there is one key difference. Unlike Peer-to-Patent, Article One Partners offers people a financial incentive to donate their time and expertise. "We feel people should be compensated for the value of their information," Milone said.
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