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

Patented to whom?

The Medicines Patent Pool is a voluntary mechanism.

Now, can someone own this idea?

And this is how it works

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

You have 400 patents?

(Laughter)

U. S. Patent Database

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.

I'm not a radiologist.

That is something that the Medicines Patent Pool cannot do.

an Act for the encouragement of learning .

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

Where is the Tokyo patent office?

And Thomas Edison din't invent the light bolb

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.

Well, what did we do?

The physicist, Leo Szilard, he looked at me and said, Are you going to patent this?

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

Copyrights covered media patents covered inventions.

You can do multi fingered gestures on it, and boy have we patented it.

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.

Their patents are worth billions.

We could just say, oh, you know what?

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

This has huge implications.

Well now, that's too bad. This is a special candy.

By the way, securing that patent was just amazing.

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

Fast forward four years later, after having written a 40 page business plan on the cell phone, having written my patent on the cell phone,

If you were familiar with it it's nice to get updated with it again.

Newstead owns our patents. We'd lose everything.

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.

Now this is the point in the Talk where I'm supposed to come up with some kind of a solution for the patent system.

His son will soon be 14 years old.

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

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

(Applause)

Here is the first ever slide to unlock.

Over here, you've got the old, traditional corporate model special people, special places patent it, push it down the pipeline to largely waiting, passive consumers.

So that you can just appreciate how serious I am about all this,