If we are serious about developing an Asgardian economy, what about changing the way patents work?
I can speak with some experience here as i have been through the long, complex and painful patent process. I developed some nice new tech related to renewable energy generation and greenhouse gas reduction, got it beyond proof of concept and initial trial and was just at the point of commercialisation... when the government made some snap changes to renewable energy targets and eliminated the carbon emissions trading scheme, literally killing the commercial viability of the invention. In the hope that things will change, I kept the patent for a few years, but without income from the invention, I've been unable to meet the ongoing costs of sustaining the patent. It is now lost and the only people that seem to have benefited are patent lawyers and the patent office..
What if the state was equally invested in the patent (ie. the joint inventors would be Asgardia and the person)? This seems to have a few advantages:
- The existing global patent system (which is unlikely to change) can still be used.
- Asgardia could act as a quasi venture capital body for inventions with a likelihood of being commercially viable.
- The individual inventor still gets recognition (and reward) for their work.
- The proceeds of licence fees / profits coming to Asgardia from inventions can be re-invested in R&D and further commercialisation.
- It will attract some of the best and brightest to Asgardia to do their work.
Personally, I think it naive to believe that Asgardia will be economically separate from Earth (at least in the short to medium term), so why not use the existing patent / economic systems to Asgardia's advantage?