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October 18, 2020

On Patent Investing: Whether Industry or Academia, Invest

In the September to October 2020 edition of IEEE (Institute for Electricians and Electrical Engineers) Potentials, Raymond E. Floyd wrote Industry or academia. With the full article title being Industry or academia: Where are the innovators, Floyd explained two different words. Floyd wrote, “Innovation has two common definitions: 1) a new idea, device, or method 2) the act or process of introducing new ideas, devices or methods. In contrast, research is defined as the systematic investigation into and study of materials and sources to establish facts and reach new conclusions” (Floyd, September 2020). Floyd was saying this: for the most people, a supposed new idea or thing, or a supposed new idea’s or thing’s introduction is average innovation description, but research is a system-level investigation, and research might involve discovering or inventing new evidence-based results. To patent-producing research corporations, Floyd applied this knowledge. Floyd stated IBM (International Business Machines) has 95+ thousand currently active patents, TI (Texas Instruments) has 20+ thousand active patents, and General Electric has 35+ thousand active patents; and Boeing has 11+ thousand active patents (Floyd, September 2020). Against research institutions, Floyd contrasted these patents because, according to Floyd, most universities do not want the patent submission or ongoing maintenance overhead (Floyd, September 2020). From history records, this knowledge has a sign. 

In history, there is evidence that a man named Jesus of Nazereth, titled the Christ, gave a parable regarding investments. As a nobleman’s huge blessing response to his servant's exclamatory surprise, a response probably written by Jesus of Nazareth’s disciple, Luke, the Book of Luke (NIV) contains the parable statement, “He replied, ‘I tell you that to everyone who has, more will be given, but as for the one who has nothing, even what they have will be taken away” (Luke 19:26). Of Nazareth, Jesus was calling all people to action: excel and, with more, be trusted. In agreement, reader, I recommend a consideration: private industry patents, yes, but communicate interest you might have in non-research institution research grants. As a Johns Hopkins University EP (Engineering for Professionals) M.S. in Computer Science candidate, class of ‘22, I recently read a great research grant my university received, $13.48 million (Johns Hopkins Medicine). For history research, I hope that my Alma Mater, Regent University, submits patents. But while I do not have any patents, myself, I probably will, this decade. These patents shall be Computer-Science-related.

Image by DarkmoonArt_de from Pixabay

References
Floyd, Raymond E. “Industry or Academia: Where Are the Innovators?” IEEE Potentials39, no. 5, September 2020.
Johns Hopkins Medicine. “$13.48M Awarded to Johns Hopkins Scientists to Develop Implantable Ultrasound Devices for Patients with Spinal Cord Injury.” Johns Hopkins Medicine Newsroom. Johns Hopkins Medicine, October 12, 2020. https://www.hopkinsmedicine.org/news/newsroom/news-releases/1348m-awarded-to-johns-hopkins-scientists-to-develop-implantable-ultrasound-devices-for-patients-with-spinal-cord-injury. 

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