The U.S. patent system was set up to reward and encourage innovation. But there are lots of challenges. Exponential growth in patent applications have patent examiners overwhelmed, and patent disputes clog the court system with litigation from corporations and other patent holders.
In this edition of Smith Business Close-Up, host Jeff Salkin visits the Smith School to sit down with professor Joseph Bailey, a 2014 Thomas Alva Edison Visiting Scholar with the U.S. Patent and Trademark Office.
Bailey was part of a program of a top academics helping to bring new technology to the patent office. At the Smith School, Bailey is director of the mQuest Honors Program and research associate professor of decision, operations and information technologies.