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New patent law favors big corporations, WARF official says

The nation?s new patent law is going to help major corporations at the expense of the little guys, said Carl Gulbrandsen, managing director of the UW-Madison?s Wisconsin Alumni Research Foundation. “This, basically, is a big-business patent bill,” Gulbrandsen said. “It doesn?t benefit small business and individual inventors. And we?re in an economy where you want small businesses to prosper and hire.” President Barack Obama signed the America Invents Act into law on Friday, the first overhaul of U.S. patent law since 1952. Supporters said the law will make it easier for inventors to bring their products to market and will spur invention and create jobs. But Gulbrandsen, whose office turns discoveries in UW-Madison labs into patents, said he thinks the opposite will be true.