And let's say that if we just did it from a cash point of view, let's say we had to buy a patent in order to make our widgets.

Second, the practice of patent holding companies have changed.

The Medicines Patent Pool then license those out to whoever needs access to those patents.

And now, it's time for you to become an official Agent of Secret Stuff.

Patent holders, inventors that develop new medicines patent those inventions, but make those patents available to the Medicines Patent Pool.

Patented to whom?

Interestingly, what he finds is and by the way, the way we look at the quality of a patent is what we call forward citations

And this is how it works

Now, my obsession ended up driving me to create full size prototypes in my own backyard (Laughter) and actually spending my own personal savings on everything from tooling to patents and a variety of other costs, but in the end I ended up with this modular housing system that can react to any situation or disaster.

Now it may seem kind of strange that such a thing can actually be patented, but it does happen all the time.

The airplane patent holders were not left a choice whether they'd license their patents or not.

This patent is for the creation of artificial snowstorms from what would have been rainstorms.

U. S. Patent Database

Specials

Special Paper

Special paper

That is something that the Medicines Patent Pool cannot do.

an Act for the encouragement of learning .

The Medicines Patent Pool is a voluntary mechanism.

And Chester Carlson, the inventor, was a patent attorney.

Where is the Tokyo patent office?

The end of 2009 I think you get the point you'll have a patent worth 1,000.

You're wrong.

Ice nucleation for Weather Modification .

Patented clockwork mechanical man.

(Laughter)

The company, Gilead, that holds the patents, has licensed the intellectual property to the Medicines Patent Pool.

Got a permit for that?

We could just say, oh, you know what?

You haven't patented this stuff. It's really interesting to me.

This has huge implications.

You have 400 patents?

A patent is a blueprint for how to make an invention.

And then our snapshot, or our balance sheet at the end of 2007, will have on its assets a patent that's now worth 3,000.

His son will soon be 14 years old.

We had to buy a patent from some brilliant inventor someplace.

I'm not a radiologist.

KF So he's pretty frank about it not being new.

That is all there is to it. Apple has patented this.

Special settings for backup.

Nothing now.

I brought along the patents, the specifications for some of these works, because I've had my working methods patented at the Eidgenössische Amt für Geistiges Eigentum in Bern, Switzerland.

You've invented something new. Some hardware, or algorithm, or software, etc.

life of the patent might be four years.

And this is what I want to talk to you about today.