Wednesday, October 28, 2009

Patent Bank Web Portal Launched

A new web portal called the “New Jersey Patent Bank” is designed to spur innovation in the state and to foster technology transfer between the state’s academic and business communities. The Patent Bank is a user-generated central clearinghouse for the state’s patented technologies. Users can post any patent that is licensed or unlicensed in the state to market their intellectual property as well as search for patents that match individual or business needs.

In addition to highlighting the state’s cutting-edge research and technologies and encouraging technology transfer between the academic and business communities, the Patent Bank is designed to help new technologies find their way to commercial markets. As innovations are developed, they can provide societal benefits by making health and life quality improvements available to the public.

“Governor Corzine’s Economic Growth Strategy places a high priority on encouraging innovations,” said Jerry Zaro, Chief of the Governor’s Office of Economic Growth. “In addition to supporting economic growth in the state, the Patent Bank will create a potential source of revenue for the state’s inventors and universities.

The Patent Bank was created by the Governor’s Office of Economic Growth, the State of New Jersey’s Office of Information Technology, the Commission on Higher Education, and the Commission on Science & Technology.

For more information, go to