Wednesday, December 9, 2009
Green Patent Acceleration
The U.S. Patent and Trademark Office (USPTO) recently announced it will be starting a program to accelerate the review of clean technology patents. Under the current system, patents going through the USPTO can take over 40 months to be passed. This places a great burden on the spread of new technology throughout our country because people do not want to release their technology to the market until it is protected by patents. By accelerating the patent process, this gives America the potential to have an increased spread of clean technologys which have the ability to aid green ventures in all realms of the economy. In addition, compared to economic stimulus, this is a relatively low cost way of moving towards making America more competitive in the clean tech race.