By: Josh Sloat
S2 Episode 1: Software Patents
Protecting your digital innovations
We're officially kicking off the second season of the Patently Strategic Podcast after taking a brief post-holiday break and in this month's episode, our experts tackle software patents.
As Silicon Valley engineer and investor Marc Andreessen famously said, “Software is eating the world”. It is central to so much of today’s innovation and the growth potential is off the charts. Despite rate hikes rattling the market a bit, Microsoft, Apple, Google, Amazon, and Tesla – these 5 companies, all with software at their core are worth a quarter of the S&P’s entire market cap. It’s possible that Meta Platforms, formerly known as Facebook, could eventually be the sixth such company worth over $1 trillion. In our microcosm of focus, these eye-popping stats are no exception. The AI powered market will grow to $180 billion by 2025. By the end of this year, the Global Edge Computing market will reach $6.72 billion and the global AR and VR market will exceed $209 billion. By 2030, there will be 50 billion IoT devices in use worldwide. That’s 6 devices each for every man, woman and child on this planet – and all of them are powered by software.
The stakes are high, the value is soaring, and the importance of quality patenting has never been more strategically vital. In this month’s episode, Dr. Ashley Sloat, President and Director of Patent Strategy here at Aurora leads a discussion along with our all star patent panel, digging into:
The group also concludes with an insightful brainstorming session around two problems that plague this space. The first is around a new patent type that would help overcome many of the current prosecution and court problems faced by software patents. The second, pulling from adjacent IP law, is a mechanism for small inventors to receive compensation for using their patents, similar to how music copyright royalties are handled.
Ashley is joined today by our always exceptional group of IP experts including:
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Topic and guest participant requests
If you’re an agent or attorney and would like to be part of the discussion or an inventor with a topic you’d like to hear discussed, please reach out.
Ashley Sloat, Ph.D.
Startups have a unique set of patent strategy needs - so let this blog be a resource to you as you embark on your patent strategy journey.