It's not news that small businesses are making up a smaller fraction of technology creation, according to the statistics of the USPTO. Past the year 2000, there had been a significant shift towards large corporations, and it steadily dwindles by the year as corporations take up patent registrations.
One could only assume that COVID 19 is creating an even bigger hurdle towards small businesses contributing to technology. There are still some promising innovations emerging with startups, like the various cost-efficient medical inventions popping up in response to coronavirus.
The Cost of Patenting
Some critics may argue that the cost of patenting can be a big barrier for small businesses to claim their ideas. This is why independent inventors or small companies are contracting invention consultants to get through the process.
It doesn't help that small businesses lack the protection of their intellectual property, or have a delay in registration. This can slow down profits, and sometimes lets them get outweighed by tech giants in the same field.
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