The USPTO has been discussing a variety of possible scenarios that might be introduced to alleviate the patent examination backlog. At this time, approximately 700,000 applications are in line for processing. In the high-tech sector there is often a direct connection between the status of a patent and the ability to secure financing.
According to Business Week, “Patent Reform: High Stakes for Small Biz”
Letting patent applicants speed up or delay examinations could help small businesses if fees don’t put the fast-track reviews out of reach.
Although Congress may have to approve some of the changes, the USPTO hopes to be able to implement the fast-track by mid-2011.
For the latest from USPTO on the Patent Prosecution Highway (PPH)
Post written by Peter Bloch, consultant to CAS-IP