Open Invention Network starts buying patents
The Open Invention Network (OIN) today announced that it was starting a new programme to acquire patents from "entrepreneurial inventors". The Distinguished Inventors Patent Acquisition programme offers cash for accepted patents while allowing the inventor to patent enhancements to the accepted patent. The OIN believe the programme will help independent inventors turn their patents into money, without them selling their patents to patent trolls, or companies seeking to "impede innovation".
The OIN acquires patents and makes them available, royalty free, to any organisation that agrees not to use its patent portfolio against the Linux operating system.