Patent Office To Get Funding Boost Under Bush's Budget Proposal - InformationWeek

InformationWeek is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them.Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

IoT
IoT
Business & Finance
News
2/5/2008
01:15 PM
50%
50%

Patent Office To Get Funding Boost Under Bush's Budget Proposal

The proposal represents a $159 million, or 8%, increase over last year's $1.916 billion Patent Office budget.

The U.S. Patent and Trademark Office would receive additional funds under President George W. Bush's fiscal year 2009 budget proposal.

Bush's request would provide the Patent Office with $2.075 billion and full access to its fees for the fifth year in a row.

The proposal represents a $159 million, or 8%, increase over last year's $1.916 billion budget. It maintains the current fee structure, which allows the office to keep all of its revenues from fees.

Jon Dudas, undersecretary of commerce for intellectual property, said the request for 2009 supports the office's goals, as outlined in its five-year strategic plan. He said it would help optimize patent and trademark quality and efficiency and improve intellectual property protection domestically and abroad.

"Importantly, it provides us the resources to continue our record hiring of patent examiners and to streamline our processes to achieve maximum operational efficiency," Dudas said in a statement.

The Patent Office plans to hire an additional 1,200 patent examiners in the 2009 fiscal year and to expand telework programs. The office also hopes to improve electronic communications with applicants by encouraging them to correspond via the Internet.

Bush's request would fund IP training for foreign officials through the Patent Office's Global Intellectual Property Academy, as well as cooperative projects with international IP offices.

The request also would pay for operational changes dictated by pending patent reform bills, Dudas said. The administration supports several efforts in the House of Representatives and the Senate to promote quality patent applications, give the Patent Office the authority to adjust patent and trademark fees, and create an efficient post-grant patent review process to save litigation costs, he said. Policy makers disagree about how damages should be determined after a patent's validity is successfully challenged.

We welcome your comments on this topic on our social media channels, or [contact us directly] with questions about the site.
Comment  | 
Print  | 
More Insights
The State of Cloud Computing - Fall 2020
The State of Cloud Computing - Fall 2020
Download this report to compare how cloud usage and spending patterns have changed in 2020, and how respondents think they'll evolve over the next two years.
Slideshows
10 Ways to Transition Traditional IT Talent to Cloud Talent
Lisa Morgan, Freelance Writer,  11/23/2020
News
What Comes Next for the COVID-19 Computing Consortium
Joao-Pierre S. Ruth, Senior Writer,  11/24/2020
News
Top 10 Data and Analytics Trends for 2021
Jessica Davis, Senior Editor, Enterprise Apps,  11/13/2020
Register for InformationWeek Newsletters
Video
Current Issue
Why Chatbots Are So Popular Right Now
In this IT Trend Report, you will learn more about why chatbots are gaining traction within businesses, particularly while a pandemic is impacting the world.
White Papers
Slideshows
Twitter Feed
Sponsored Live Streaming Video
Everything You've Been Told About Mobility Is Wrong
Attend this video symposium with Sean Wisdom, Global Director of Mobility Solutions, and learn about how you can harness powerful new products to mobilize your business potential.
Sponsored Video
Flash Poll