Caller ID inventor struggles to collect royalties despite owning patent

“Fifteen years after he patented caller ID technology, Brazilian inventor Nelio Jose Nicolai is no millionaire.  Quite the opposite: out of work since 1984, the co-inventor of the ubiquitous tool is still fighting to collect royalties.  In 1996, the inventor received an award from the World Intellectual Property Organization and a year later — after a five-year wait — he finally secured a patent in his homeland.  He then approached domestic mobile phone operators to claim his rights to royalties — and ran into a wall.  Over the years, BIMA was modified and named caller ID. But, despite repeated efforts, Nicolai was unable to secure the rights to the new name, causing him to lose out on millions of dollars.”

http://www.rawstory.com/rs/2013/03/03/caller-id-inventor-struggles-to-collect-royalties/

Scan to Donate Bitcoin to Freedomwat.ch Staff
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin