President Barack Obama announced seven initiatives to speed up the transfer of research from the lab to the market. Involving the government, universities, and private groups, the initiatives include a prize, public-private collaborations, and federal programs to encourage commercialization, enhance technology transfer, and assist entrepreneurs.
Obama described the initiatives during the signing of the historic patent overhaul legislation at Thomas Jefferson High School for Science & Technology, in Alexandria, Va., on Sept. 16. “This is the economy we need to build—one where innovation is encouraged, education is a national mission, and new jobs and businesses take root right here in America,” Obama said.
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Author:
Britt Erickson and Susan Morrissey
