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Tuesday, March 29, 2011

Energy Dept. Promises Smoother Path for Entrepreneurs

“U.S. Energy Secretary Steven Chu is making it easier for start-up companies to license groundbreaking technologies developed by the National Laboratories. Chu announced Tuesday the department will reduce the total upfront cost of licensing patents in a specific technology to a $1,000 fee for portfolios of up to three patents. The department is also reducing the paperwork requirements for start-up companies to obtain an option agreement to license some of the 15,000 patents and patent applications held by 17 National Laboratories.” (Washington Post)

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