Nevermind superfast broadband – the British government is lining up “superfast patents”. Inventors could be awarded a patent in just ninety days, under a government consultation published on Tuesday. That’s a fraction of the usual two to five years, and only a little longer than the ticketing process for the 2012 London Olympics.
Observers may see anything that makes patents easier as a bad idea, given the smartphone wars. Hence the UK is proposing an extra fee of £3,500-£4,000 for the fast-track service. The hope is that will strip out less credible claims, while allowing serious investors to get their patent – and then some venture capital. Read more