To be sure, significant challenges remain. There is no one-shot (or one-click) panacea to the world's patent issues. But what is frequently lost in the public discussion is that tremendous positive changes are already underway.
Last September, our esteemed leaders in Washington passed a law reforming America's patent system called the Leahy-Smith America Invents Act. At the time, the promise from every politician in support of the Act was that it would create jobs.
At this moment, more than 700,000 patents are caught in the backlog. Could one of those 700,000 new ideas be the next iPhone, the next breakthrough drug, the key to the next great American industry? We'll have to wait a long time to find out.
Congress is responding to the companies who can afford to lobby and not bothering to seek the opinions of entrepreneurial inventors -- for whom the patent system was created over 200 years ago by a single sentence in the Constitution.