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.
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About the University of Maryland's Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, specialty master's, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.