On 4 September 1998 a company was founded in order to commercialise some ideas that were being developed by two PhD students at Stanford University. The most important of those original ideas had resulted in the filing of a US provisional patent application on 10 January 1997, in the name of one of those two PhD students. This was followed by a non-provisional application, filed on 9 January 1998, which went on to become US patent no. 6,285,999. Ownership of the patent remained with Stanford, which licensed it exclusively to the students’ company in exchange for 1.8 million shares.
In 2005, those shares were sold for US$336 million.
Today, a few hundred million dollars is small change to those former PhD students, and the company that they founded. The inventor on the original patent application was Lawrence (‘Larry’) Page, and his fellow student/founder was Sergei Brin. The invention was a computer-implemented method for determining the ‘importance’ of web pages, for ranking purposes, which became known as PageRank (a play on the inventor’s name, and the purpose of the invention). And the little company they started was, of course, Google, Inc.
While the original PageRank application has spawned a number of further US patents, it was never filed anywhere else in the world. There was therefore never any possibility of an Australian patent being granted. It is nonetheless concerning that, if a recent decision by a Delegate of the Commissioner of Patents, Amadeus S.A.S [2016] APO 71, is correct, the invention that helped launch one of the biggest companies the world has ever seen would be ineligible for patenting in Australia.
In 2005, those shares were sold for US$336 million.
Today, a few hundred million dollars is small change to those former PhD students, and the company that they founded. The inventor on the original patent application was Lawrence (‘Larry’) Page, and his fellow student/founder was Sergei Brin. The invention was a computer-implemented method for determining the ‘importance’ of web pages, for ranking purposes, which became known as PageRank (a play on the inventor’s name, and the purpose of the invention). And the little company they started was, of course, Google, Inc.
While the original PageRank application has spawned a number of further US patents, it was never filed anywhere else in the world. There was therefore never any possibility of an Australian patent being granted. It is nonetheless concerning that, if a recent decision by a Delegate of the Commissioner of Patents, Amadeus S.A.S [2016] APO 71, is correct, the invention that helped launch one of the biggest companies the world has ever seen would be ineligible for patenting in Australia.