Using Green Technology to Turn Carbon Dioxide into Cement (and Jobs)

Earlier in the week, we detailed JPMorgan's attempt to create their own "web cash" alternative to Bitcoin (and Sberbank's talk of doing the same).

Nearly 80 percent of all patent applications filed worldwide are processed through five patent offices: Commerce's United States Patent and Trademark Office (USPTO), the European Patent Office (EPO), the Japan Patent Office (JPO), the Korean Intellectual Property Office (KIPO), and the State Intellectual Property Office of China (SIPO). In 2007, the five agencies formed a group called the IP5, to work on increased cooperation and collaboration.

Secretary Bryson stopped by the United States Patent and Trademark Office (USPTO) headquarters in Alexandria, Virginia on Friday to meet with employees and tour the facility. It was the first time that Bryson had visited the USPTO office since being confirmed as Commerce Secretary in October of last year. While he was there, the Secretary congratulated the USPTO for its work on the implementation of the historic America Invents Act, which encourages innovation by making the first set of major reforms in the US patent system since the 1800s. The America Invents Act allows businesses to get new ideas to market faster by reducing the time it takes to review applications for new patents to 12 months. By working to implement this law and rebuilding America’s intellectual property system from the ground up, the USPTO is making it easier for businesses to invest in new technologies, launch new industries, and create new jobs—in a 21st century global marketBryson also had the opportunity to discuss the USPTO’s efforts to improve patent quality. The USPTO has issued new guidelines that will clarify and tighten the standards for the issuance of patents. The new guidelines offer a more comprehensive measurement of the quality of patent examinations to ensure high standards in our patent process.

If you haven't heard, our airplanes are already getting some of their gas from algae.

When President Barack Obama signed the America Invents Act (AIA) into law six weeks ago, he did more than just implement the largest patent reform since 1836. The AIA aims to help small business secure patent protection for their inventions in a variety of ways. The Act offers not only favorable legal provisions, but also establishes studies and programs to further investigate how Congress may assist small businesses in the future. The provisions in the AIA help simplify the patent law, promote the disclosure of inventions, and establish procedures to remove bad patents from the intellectual property (IP) system early. By introducing provisions that speed the patent application process and enhance the quality review of patent applications, the AIA enables applicants to secure an examination of an application in one-third the regular time from an average of 3 years to an average of 12 months. Additional provisions will provide an avenue that small businesses may use to challenge bad patents and receive a decision within 12 months. This changes the current practice where decisions on patent validity are determined through district court litigation and may take several years at significantly greater expense.