Let’s talk about patents

Author : Ray Wang

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For a lot of scientists and engineers, although not everyone, at a certain stage of their careers patents become an important element of success. However, there are things to talk about. First, is it worth to patent it? We know a promising patent might turn into a billion dollar business and make you rich and famous. However, hundreds of thousands of patents were placed in dark storage rooms or computer hard drives without ever being used. You've got to pay a certain amount of money to maintain the patent. That's why some big corporations actually only patent the projects that will be commercialized. Thus, before you devote all your effort into a project, it is wise to at least consider its possibility to be commercialized and patented.