In a speech to open a Dyson ‘incubator’ for design-based start-ups, the inventor said that the cost of defending a patent can easily get to £3m, meaning small companies are pushed out of the race and can have their inventions stolen.
‘The system does not support design and patent holders. It’s grossly unfair,’ he said. Here’s a man who has spent his life not only developing innovative technology but also fiercely defending it in lawsuits against competitors, so we reckon he knows a thing or two about the patent system.
Then he got into the nitty gritty of why it’s tough: ‘The government must act to simplify the system. Patents are expensive to file in the first place. Then you’ve got renewal fees – there’s no other walk of life where you lose your rights on your work of art if you fail to ‘renew’ it. And then the costs of actually fighting a case are out of this world’.