Independent Inventors Stop Filing Patents

February 17, 2011

The number of patents filed by independent inventors in 2010, according to David Kappos, Under Secretary of Commerce for Intellectual Property and Director of the United States Patent and Trademark Office (USPTO), has dropped by about 50%. In my opinion, this is a direct result of the following:

1. The majority of US citizens have less discretionary income due to the economy

2. The length of time it takes to get a patent through the system is often longer than the life cycle of products today

3. Inventors are becoming more educated by the United Inventors Association (www.uiausa.org) and reputable inventor organizations like the Rocky Mountain Inventors Association (http://www.RMinventor.org) and the Kansas City Inventors Club (http://www.inventorsclubofkc.org/).

4. The word is spreading by inventors who have learned the hard way that securing funding and licensing for early stage products is about as unlikely as selling snowballs to Eskimos.

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