084 - The Patent Apocalypse: How Broken Law is Killing American Innovation and Funding China's Rise

This interview with Paul Morinville, Executive Director of Spark US Innovation, focuses on the critical degradation of the U.S. patent system and its profound negative impact on entrepreneurship, national security, and global technology leadership. Morinville, an inventor himself, details how two major changes—the 2006 eBay v. Merc Exchange case, which made injunctions against infringers nearly impossible for startups, and the 2011 America Invents Act, which created the Patent Trial and Appeal Board (PTAB) with an 84% patent invalidation rate—have stripped patents of their value as collateral for investment. He argues this has created an environment where large corporations are incentivized to steal from small inventors, causing the U.S. to rapidly lose its technological edge to countries like China, whose patent system is now superior. Morinville stresses the urgent need for legislative reform to restore strong patent rights, asserting that a fix could reverse the U.S.'s declining status in critical technologies within a decade.For a summary and to connect with the guest, please visit https://www.linkedin.com/company/business-decoded-podcastProduced by www.andycostafilms.com