Imagine a platform that harnesses the power of artificial intelligence to forge connections among researchers, entrepreneurs, and business angels, fostering innovation in patenting and startup creation—essential endeavors in addressing the escalating unemployment rates. (the failure to tackle the rise in unemployment rates means that millions "can easily be radicalized to engage in terrorism" as was predicted by Schmidt & Cohen).
In addition to addressing this pressing issue, the platform aims to revolutionize the traditional publishing landscape. Many journals have long operated on a profit-driven model that exploits researchers for billionaire-like profits, undermining the integrity of their work. This platform seeks to rectify this imbalance by offering researchers a rapid alternative for publishing. Manuscripts submitted to the platform warrant a symbolic payment to authors, marking a shift towards a fair compensation model for their contributions.
Upon submission, manuscripts are promptly assigned to paid reviewers, ensuring an expedited review process. Simultaneously, patent experts analyze the potential for patenting and assist in preparing patent requests, with a commitment to supporting patent costs—an especially vital aspect for researchers in less affluent countries.
To further support promising innovations, the platform assists in connecting substitute entrepreneurs (surrogates) for marketing and business angels for funding, enhancing the chances of success for the most groundbreaking patents. The platform's revenue, essential for compensating authors, reviewers, and experts, is derived from a percentage of the profits generated by successful startups, as well as from a percentage of the sale of patent rights.
This holistic approach not only addresses the immediate needs of researchers and entrepreneurs but also establishes a sustainable revenue model that promotes fairness and collaboration in the realms of innovation and intellectual property.
PS - For those unfamiliar with the concept of surrogate entrepreneurship, I recommend referring to the insightful paper by Martin Würmseher from ETH Zurich. It is worth noting that the research conducted by Lundqvist et al. (2014) has already established a compelling case for the efficacy of surrogate ventures. Their findings revealed that, within leading Swedish universities, surrogate ventures consistently outperformed their non-surrogate counterparts in terms of both growth and revenue.
