Patent Wars: A New Age of Competition [Infographic]

According to the infographic, created by Business Insurance Quotes, 107,792 patents were issued by the U.S. Patent and Trademark Office last year.

Patents are a source of constant lawsuits between large tech companies like IBM, Microsoft, Apple and Samsung. The costs of U.S. broken patent system are often abstract, but last month Google put a price tag on the problem: $12.5 billion. That’s what Google paid for Motorola’s U.S. smartphone business and its 17,000 patents. This is $12.5 billion that one of America’s most creative companies will not use to innovate, fund research or hire anyone beside patent lawyers.

According to the infographic, created by Business Insurance Quotes, 107,792 patents were issued by the U.S. Patent and Trademark Office last year.  Here are some interesting points on the history, process and recent impacts of this important component of the tech ecosystem. [Business Insurance via Mashable]

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