Patents were developed to encourage openness in the innovation space and to protect inventors. Unfortunately, startups frequently face abusive patent litigation by “patent trolls” — companies that take advantage of a broken software patent system and operate by collecting fees on software patent licenses, instead of making products and contributing to technological innovation. Meanwhile, new distribution technologies are making it easier for anyone to reach a broad audience, which is why we need balanced copyright laws that allow these new technologies and their creators to succeed.
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The Big Story: EU, U.S. implement framework to restore transatlantic data transfers. The European Commission this week adopted a needed decision to implement the EU-U.S. Data Privacy Framework, bringing certainty back to transatlantic data transfers and lowering barriers for startups. The long-awaited agreement ends years of uncertainty surrounding data flows needed for U.S. startups to serve EU customers thanks to the invalidation of an earlier transfer agreement called Privacy Shield. The new framework is a welcome step that will bolster the competitiveness of U.S. startups looking to serve the EU market.