The U.S. Patent and Trademark Office’s “Patents for Humanity Program” plays an important role in encouraging innovation for humanitarian causes. Without a clear financial incentive, these causes are often neglected by innovators and profit-driven companies; so this program plays an important role in rewarding and encouraging humanitarian innovation. Making Patents for Humanity program accelerated review certificates transferable and codifying the program into law, as this bill does, would strengthen the program and broaden its impact.
The “Patents for Humanity Program” is already well-structured as is so there’s no need to codify it into law. Making the accelerated patent review certificates it awards to innovators transferable could potentially incentivize innovators to sell their accelerated patent review certificates to others who don’t share their passion for humanitarian innovation, or whose innovations don’t meet humanitarian needs.