Streamlining the Patent Application Process to Nurture the Innovation of Tomorrow
Summary
To clear a path for the innovations that will fuel our nation’s economic recovery, the Biden-Harris Administration should streamline the patent application process by improving the correspondence between patent claims and the specification, supporting search clarity, and ensuring concise specifications. Not only would this reduce the time lost to bureaucratic paperwork, but these efforts would also give innovators a more efficient road to acquire patents. In turn, applicants, examiners, and the public at large would benefit from the new industries and innovations to come.
By providing essential funding mechanisms, the Bioeconomy Finance Program will reduce the risks inherent in biotechnology innovation, encouraging more private sector investment.
While the U.S. has made significant advancements and remained a global leader in biotechnology over the past decade, the next four years will be critical in determining whether it can sustain that leadership.
It’s paramount to balance both innovation capabilities and risk as we work towards ensuring that the U.S. bioeconomy is a priority area for both the Nation and for National Security.
The Federation of American Scientists supports the National Security Commission on Emerging Biotechnology’s Final Report and the Recommendations contained within it.