[EAS]Hunting Patents for Bounty
pjk
peter.kindlmann at yale.edu
Mon Oct 23 03:58:37 EDT 2000
Subject: Hunting Patents for Bounty
Some of my readers appreciated my metaphor of information
technology as a sometimes welcome lubricant, sometimes as a
corrosive solvent. This instance is somewhere in between,
more like spot remover. --PJK
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(from NewsScan Daily, 20 October 2000)
NEW WEB SITE REWARDS PATENT INVESTIGATORS
Amid fears that the U.S. Patent and Trademark Office is overwhelmed
by the demands of high-tech patent verification, Amazon CEO Jeff
Bezos and publisher Tim O'Reilly are backing an Internet startup
that offers cash rewards to individuals who can prove or disprove
a company's claim to a patent. "BountyQuest empowers the
individual to participate in the patent validation process by
harnessing the power of the Internet," says Bezos. Companies
desiring to prove or disprove a patent claim can post their
requests anonymously after paying a $2,500 registration fee.
Companies must then place the bounty offered in escrow, and pay a
commission if someone is able to supply all of the required
information and claims the bounty. BountyQuest expects its "Bounty
Hunters" will include scientists, engineers, professional
researchers and specialists. Over 50 bounties are currently listed
at the site, with offered rewards totaling $324,159. Among the
patents for which a bounty has been offered are Amazon's 1-Click
payment system, Priceline's reverse auction search engine, and
DoubleClick's banner ad patent. (E-Commerce Times 20 Oct 2000)
http://www.ecommercetimes.com/news/articles2000/001020-1.shtml
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