14.2 THE PATENT SYSTEM LEADS TO ADDITIONAL RESEARCH AND KNOWLEDGE CREATION
It is of interest to contemplate that although the patent system rewards only applied science, the profits derived from patents often promote and support fundamental science. Just think of the Nobel prizes, the most generous and prestigious awards of basic science, sustained by the profits generated by Alfred Nobel's patents on dynamite.
Effective inventors understand the basics of creating and protecting inventions. They also know when to reach out to professionals who are well trained in intellectual property and innovation. Increasingly, inventors and their employer companies or institutions are responsible for wealth creation based on technology and innovation.
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