Congressional Reps Push For Patent Office In New Mexico

By New Mexico Business Weekly

Members of New Mexicoâ¿¿s congressional delegation are urging federal officials to open a regional Patent and Trademark Office in central New Mexico.

U.S. Senators Jeff Bingaman, D-N.M., and Tom Udall, D-N.M. and U.S. Representatives Martin Heinrich, D-N.M. and Ben Rey Luján, D-N.M., said such a move could bring up to 100 highly skilled jobs to the state.

President Obama signed a bill into law in September that streamlines the process for granting patents. It would require the U.S. Patent and Trademark Office to open at least two regional offices to help address a backlog of more than 680,000 pending patents, according to a news release from the delegation.

The congressional representatives sent a letter to the office touting Albuquerqueâ¿¿s highly educated workforce, which includes a high density of patent attorneys and employees with doctoral degrees in science and engineering. They also point out the availability of inexpensive office space and the low cost of living.

The letter also highlights the national laboratories here, as well as the Air Force Research Lab and the three largest state universities as sources of research and development activity in New Mexico. It points out that the Department of Energy has a new initiative to reduce barriers for startup companies to obtain option agreements to license some of 15,000 patents and patent applications held by the national labs.

Copyright 2011 American City Business Journals

http://www.bizjournals.com/albuquerque/news/2011/10/10/congressional-reps-push-for-patent.html?ana=thestreet

Copyright bizjournals.com 2010

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