What has recently caused the recent trend in open innovation for invention collaboration?

As much as patent rights have important, and often detrimental, significance for rights owners, the need for invention collaboration and sharing of findings for achieving a common goal through open innovation is recently growing as inventors seek to:

• Communicate with experts in different areas to help advance research; 

• Help speed up the progress in development of an invention;

• Avoid or at least cut down on the time and money associated with dealing with IP rights; and

• Help simplify licensing.

Read about how open innovation is changing IP rights as researchers seek treatment for COVID-19.