Patent System Allows Big Business to “hijack” Small Business’ Ideas

The current patent system makes it too easy for large companies with deep pockets to “highjack” small firms’ ideas, the SME Innovation Alliance (SMEIA) has said in a letter to Business Secretary Vince Cable. John Mitchell, chairman of SMEIA, the body set up to represent small businesses in the technology and science sectors, said the UK’s intellectual property (IP) framework was “unfair” towards small businesses. “A false assumption is made that an SME holding a patent will have protection for their related investment in R&D and any related innovation.” he wrote in the letter to the Business Secretary. “But for high-tech SMEs ? the main source of new business tomorrow ? a patent is almost impossible to enforce.” Speaking to The Daily Tele... »