Day: March 8, 2020

Filing on inventions that aren’t marketable just helps enrich the Patent and Trademark Office.


6 min read

Opinions expressed by Entrepreneur contributors are their own.


Getting a patent issued typically costs at least $10,000 and can easily cost upwards of $20,000. Most inventors who patent their inventions hope to get their money back after their invention begins selling in the marketplace. In reality, it rarely works like that. A very high percentage of patents never recoup their filing costs. Put more bluntly: They never generate any income, let alone what it cost to get the patent in the first place.

I’ve been helping inventors commercialize their product ideas and inventions for the past two decades. One of the biggest complaints I hear from inventors is that their patents are basically worthless. These inventors are frustrated and deflated. They’re out of the game, because they’ve spent so much


India has been facing a broad-based slowdown in economic growth. Private consumption in the first half of FY20 grew at a meagre 4 per cent on year-on-year basis, compared to over 8 per cent in FY17. While this is worrying, the situation has been further exacerbated by the growth in investments being projected at a meagre 1 per cent in the current year—a significant low since FY03. All eyes are now turned to the Union Budget, hoping for a much-needed fiscal nudge that can revive the Indian economy and correct its growth trajectory.


Tweak tax slabs: The anatomy of this slowdown throws up several factors. While there are deep-rooted structural reforms that need to be undertaken, the Budget should focus on providing shorter-term economic buoyancy. Reflating the economy is the need of the hour. To do so, reviving sentiment is a prerequisite.

After the cut


When the SARS virus epidemic broke out in China in 2002, it not only claimed 774 lives, but also took a toll on businesses — among the casualties was also the region’s airline industry. Cathay Pacific, Hong Kong’s main carrier, was within days of shutting down when the crisis began to abate. However, recovery of airlines and the economy post the containment of the outbreak was quick and strong.


But that was in 2003. Today, China, the airlines of the region, the industry and the linkages amongst countries and carriers are a very different animal. China is soon expected to displace the US as the world’s largest aviation market. In the last few years China has seen a proliferation of airlines, including low cost carriers (LCCs) – up to almost 30 carriers.



In 2003, China was not the economic powerhouse it


The OPEC+ alliance’s dramatic failure to reach an output deal is most obviously being felt in oil futures, which plunged the most since 2008 in London. A look at the less-conspicuous corners of the market reveal the scale of the impact.


The potential collapse of the group led by Saudi Arabia and is the latest blow to a market that was already dragged down by fears over the economic damage from the spread of the coronavirus. Global benchmark Brent crude, which was already down 24% through March 5, dropped 9.4% on Friday after the talks between members of the alliance collapsed in Vienna.



With refusing to bend to Saudi Arabia’s wish for further output cuts, the producer group’s supply reductions of 2.1 million barrels a day will not continue beyond the end of this month. They will be free