Gene Quinn

Patent monetization is often discussed as if the hard part begins when a patent owner makes the decision to license, sell, finance, or enforce its patent assets. That is a mistake and demonstrates a lack of understanding of the difficulties and complexities of patent monetization. By the time a patent owner is sitting across the table from a potential licensee, buyer, lender, litigation funder, or accused infringer, much of the outcome has already been fully determined. The real work begins years earlier in preparation for monetization.

The Supreme Court should grant certiorari in Hyatt v. Squires—a case it is scheduled to consider later this week—and finally put an end to prosecution laches in patent law. Not limit it. Not cabin it. Not send the Federal Circuit back to craft yet another multi-factor balancing test that will inevitably metastasize into a litigation weapon. The Supreme Court must end prosecution laches once and for all, period.

When I sat down with former USPTO Director Andrei Iancu for this week’s episode of IPWatchdog Unleashed, I expected a serious conversation about the condition of the U.S. patent system. Instead of rehashing everything that has gone wrong with the U.S. patent system from the perspective of an innovator over the last two decades, what took place was a deep and revealing conversation about whether the legal architecture that once made the United States the world’s innovation leader is still fit for purpose in an economy increasingly defined by software, artificial intelligence, data, biotechnology, and other intangible assets.

The United States patent system is not failing because Americans have stopped inventing. It is failing because the legal and institutional architecture built to protect invention no longer operates as a coherent innovation framework. Over time, the system has become a patchwork of overlapping tribunals, inconsistent legal standards, procedural inefficiencies, and doctrinal barriers that make it harder to obtain, defend, enforce, license, and rely upon even high-quality patent rights covering innovations of extraordinary consequence. Now in the coming months we will move forward with a candid, serious, historically grounded, and focused conversation on building—not merely patching—the next American patent system.

This week on IPWatchdog Unleashed, I spoke with Rama Elluru, a former PTAB Judge turned national security policy advisor. We explore the accelerating intersection of AI, patent law, and national competitiveness, as well as the hard questions policymakers will soon face around AI-assisted inventorship, patent eligibility, drug discovery, scientific research, and whether existing legal frameworks can keep pace with technologies that are advancing far faster than Congress, agencies, and courts typically move. We also address the broader national security implications of intellectual property policy, AI-enabled fraud, workforce disruption, the need for guardrails and meaningful penalties for malicious uses of AI, and why IP must be understood as a core pillar of economic and national security strategy.