August 15, 2018  
 
Gaebler.com is a daily online magazine covering small business news. We help entrepreneurs transform ideas and innovations into greatness.

Small Business News for Entrepreneurs

 

Small Business Technology News

 

Expedited Patent Process To Increase Small Business Innovation

Written by Ken Gaebler
Published: 3/10/2011

Senate approves expediting patents to small businesses.

Earlier this week, small business news reported the U.S. Senate passed a bill that aids small companies seeking patents by offering them extra help and expediting the approval process.

Entrepreneur Digital Strategy

One of the main reasons experts believe that the measure will spur increased innovation in the sector is that the bill allows the U.S. Patent Office to keep its fees, rather than funnel them back into the federal government.

While these two benefits may seem unconnected, Michael Carrier, a professor at Rutgers Law School who specializes in intellectual property law, told Business News Daily that the influx of funds would help the office reduce its "staggering backlog" and allow for patents to be issued and more quickly.

"It would lower costs and bring the U.S. into line with the rest of the world, which awards patents to the first to file an application, rather than first to invent. And it would create a new procedure by which third parties could challenge patents after they have been issued," Carrier told the source.

Have Friends Who Might Like This Article?

Tweet via @gaeblerdotcom Share this on Twitter

Let them know on LinkedIn

Ready to Learn More? We Think You Might Like These Articles:

 


About Our News for Small Businesses

If you liked this small business news article, you can find plenty more like it on our site. We cover important news stories for small business owners. In addition to breaking news for entrepreneurs, we also have tons of how-to articles that cover topics like writing a business plan, preparing a marketing plan, getting publicity and much more.

 

 

Additional Resources for Entrepreneurs

Help for Native American Entrepreneurs

Resources for Gay Entrepreneurs

Businesses for Sale

Online Entrepreneur Tools

Economics

Lists of Small Business Incubators

Lists of Angel Investors