I talked a little bit about the graph above in my previous post in regards to the importance of patents in biotech and medical device industries. But why are patents significantly less important in the field of software?
Time. Within the software industry, technology is rapidly changing. This means that software patents hardly live to use the full extent of their life. It may simply not be work paying for a patent when drastic changes are often being made in the industry. In fact, most software VCs see little benefit in filing for a patent.
Copyright. Copyright protection, as you can see in the chart above, is the most common form of protection used within the software industry. Copyright can be a better choice because there is a difference between executable and editable code. Furthermore, copyright protection is more cost effective and takes into effect immediately!
Time. Within the software industry, technology is rapidly changing. This means that software patents hardly live to use the full extent of their life. It may simply not be work paying for a patent when drastic changes are often being made in the industry. In fact, most software VCs see little benefit in filing for a patent.
Copyright. Copyright protection, as you can see in the chart above, is the most common form of protection used within the software industry. Copyright can be a better choice because there is a difference between executable and editable code. Furthermore, copyright protection is more cost effective and takes into effect immediately!
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