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If you didn't have patents, no one would bother to spend money on research and development. But with patents, if someone has a good idea and a competitor can't copy it, then that competitor will have to think of their own way of doing it. So then, instead of just one innovator, you have two or three people trying to do something in a new way.
James Dyson
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"If you didn't have patents, no one would bother to spend money on research and development. But with patents, if someone has a good idea and a competitor can't copy it, then that competitor will have to think of their own way of doing it. So then, instead of just one innovator, you have two or three people trying to do something in a new way."
— James Dyson #moneywealth

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If you didn't have patents, no one would bother to spend money on research and development. Bu…

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If you didn't have patents, no one would bother to spend money on research and development. But with patents, if someone has a good idea and a competitor can't copy it, then that competitor will have to think of their own way of doing it. So then, instead of just one innovator, you have two or three people trying to do something in a new way. — James Dyson

About James Dyson

James Dyson was a Designer from British (1875–1965).

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Frequently Asked Questions

Who said "If you didn't have patents, no one would bother to spend money on research and…"?
This quote is attributed to James Dyson, a Designer from British.
When did James Dyson live?
James Dyson lived from 1875 – 1965.
What is this quote about?
This quote touches on Money & Wealth. Browse more quotes on these themes from the categories page.