Frugaldad Infographic Investigates the Patent System

DENVER, Jan. 5, 2012 /PRNewswire/ -- This week, personal finance and intelligence blog, Frugaldad, launches "The Problem with Patents," a consumer awareness infographic which exposes several little-known facts about how the patent industry works and how it has changed with the introduction of computer software patents and intellectual property.

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While the patent system was created to foster ingenuity and protect innovators, with the onset of a technological revolution and the online age, it has shifted into a profitable industry all its own. Patent portfolios have become powerful tools for tech industry profiteers, and to many software engineers and technology workers, patents are becoming more and more associated with costly litigation and lost profits.  It exposes such little-known facts as the following:

• An estimated 30% of patents are for replicated content
• Non-practicing entities make 3x the reward of practicing companies in patent lawsuits
• 80% of software engineers say the patent system hinders innovation

While the patent system has provided a way for innovation to spread in the past, today may be the time to re-evaluate how the system is being used. Frugaldad's infographic looks at the facts and the cash flow surrounding patents, and questions some of the practices that have become standard in a system that touches many of the products and systems that we use in our everyday lives, and online.

Check out the Infographic here: 
http://frugaldad.com/patents/

About Frugaldad.com
Jason White founded frugaldad.com in 2007 after spending years as a representative for various credit card and banking companies. He has helped thousands of readers from across the globe save money with his informative financial advice and money saving deals. White now works in software development and lives in Denver, CO. For more information, please visit http://frugaldad.com, or contact Jason white at [email protected].

SOURCE Frugaldad.com