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What Patent Reform Could Mean for Inventors and Small Business
The United States is closer to passing a patent reform bill than it has been in years, but how much will it help small and medium-sized businesses and inventors?…
“By allowing the USPTO to utilize the fees paid by patent applicants to hire new examiners, pay current employees overtime, and invest in needed upgrades to IT infrastructure, the America Invents Act will help reduce the backlog of pending applications, shorten pendency times, and improve patent quality,” said Mark Elliot, executive vice president of the U.S. Chamber of Commerce’s Global Intellectual Property Center. “And patentable innovation creates jobs and improves lives. The America Invents Act is an important first step to help drive America’s economic growth, create jobs, and increase our competitiveness.”