Eco Innovator March 2012

Government Policy

Fast Tracking Green Patents

IP Australia is fast tracking patents for green technology to help green innovators find a fast track to the marketplace.

"Patent applications can currently take more than a year to process, and innovators need to know that green technology can be fast-tracked to the front of the queue. Accelerating the examination process could reduce the waiting time for applications to between four and eight weeks. Furthermore, fast-tracking the application involves no additional fee," said IP Australia.

The organization says that by offering priority to environmentally friendly technologies in the patent application system, it offers environmentally-beneficial inventions a way to reach consumers quickly.

"Climate change and its global impact is one of the biggest challenges of the 21st century and we know that technology and innovation play a key role in our ability to manage it effectively," it said.

"Green innovation requires significant investment by industry and the Australian Government wants to give businesses all the support it can. This initiative will provide speedy access to Australia's strong intellectual property system and help businesses protect their valuable assets."

 

 

 



 





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