Pilot Program for Green Innovations
Posted Wednesday, December 09, 2009 by Jim Ruttler.
The Obama administration is committing $100 million for federal research and development in an effort to accelerate the patent review process for “green” technologies. Currently the average total pendency of applications is 40 months. The pilot program is aiming to reduce this pendency to 12 months. According to Commerce Secretary Gary Locke, the goal is to enable inventors to secure funding and launch businesses more quickly; to increase America’s competitiveness in green technology and to increase jobs. The first 3,000 petitions that are filed will be considered for an expedited application review. There are 25,000 pending applications that will be eligible for the pilot program. To qualify for the USPTO “Green Tech” program, patent applications must pertain to “environmental quality, energy conservation, development of renewable energy resources, and greenhouse gas emission reduction.”
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