Eco Innovator March 2012
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."