Apply more scrutiny than top scientific journals give article submissions
Is it some kind of coincidence that US politicos, EU and UK bureaucrats are all considering patent and copyright 'reforms' at this time?
1. We need to free up the patent offices so that they can use their revenue to pay competent people, who aren't rushed, to only grant patents for actual inventions. Ideally each patent should be examined by a committee of experts, in much the same way that top scientific journals examine each article before publication; but with far more scrutiny.
2. All patent applications should be open to scrutiny when an application is made so that the application can be challenged by interested parties.
3. Given 1 and 2, I feel that the likely hood of bad patents being awarded will be reduced from 99% to 0.001% so I'm not too worried about a review and challenge process for bad patents. Still, something needs to be in place just in case...
PS: Being a software developer, I'm amazed at the number of good developers/entrepreneurs I meet who brought successful new products to market and sold out at the earliest opportunity. It's not only the City who are risk averse in the UK - it's a culture right through society.