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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.

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

Its main application is...

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

So there's versatility, as you see, in the material formats, that you can do with silk.

And this is how it works

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

U. S. Patent Database

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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.

They don't seem to serve any purpose.

(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?

That was a missile foam launcher that didn't get sold.

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

Or there are companies that make their own variations of Arduino that fit in a certain market, and there's probably, maybe like a 150 of them or something at the moment.

We can apply the discovery to various uses.

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.

That's what a boiling flask is for.

You'll have to excuse me. You arrived just as I was preparing a little toast.