Stemming from a recent article on the strategic use of patents in the mobile phone industry, Fortune posted an expanded Q&A with IV CEO Nathan Myhrvold on the evolution of the market for patents. Nathan provided his perspective on the historic role of patents in the mobile phone industry, and how the current “smart phone wars” illustrate the need for an efficient invention capital market to continue incentivizing innovation:
“The competition in this clash of the titans gives us all very cool features. But there have to be some rules of the road, because if a company innovates and makes new inventions, and the rest of the world can copy them freely, I don't think that's fair.”
You can read the full text of the interview at Fortune online.