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| | | The Innovation Review is the New York State Science & Technology Law Center’s monthly newsletter. It brings information on legal, business, and technology related news, resources, and events across New York State. | | | | | |
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| | | | Cecily Capo, a third year law student in the Innovation Law Center (ILC) program, has a background in environmental science which attracted her to the ILC and the field of technology commercialization. “I knew that the ILC was where I needed to be,” Capo says. “I couldn’t wait to get started.” Capo’s diligence and dedication set her up with a job upon graduation at Bond, Schoeneck & King in the firm’s intellectual property practice group. Read more about her interest, experience, and education with the ILC here! | | | | | |
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| | | | The US Patent and Trademark Office (UPSTO) has introduced a new green energy inventions category to its Patents for Humanity Program. The award will provide business incentives for patent applicants, holders, and licensees that develop innovations in wind, solar, hydrogen, hydropower, geothermal, and biofuels technologies that address the challenges of climate change. Winners of the award will receive a certificate to accelerate USPTO processing for a patent eligible subject matter application, and public recognition of their work. The acceleration certificate can also be used to obtain funds to help develop the invention into goods and services. The Patents for Humanity Award was recently codified into law with the Patents for Humanity Act of 2022. This is the USPTO’s top honor for patent applicants that devise innovations to address long-standing development challenges. Read more here. | | | | The USPTO launched the Council for Inclusive Innovation (CI2) First-Time Filer Expedited Examination Pilot Program to incentivize more innovation from communities all over the US. The program provides initial feedback from the agency on patent applications, known as “first office action,” to individuals or small businesses that qualify as a “micro entity,” including those from underrepresented groups in the innovation industry. Wait times for patent applications can act as a barrier to commercialization, particularly for those in underserved economic areas, women, people of color, and veterans. The first-time filer initiative will accept up to 1,000 petitions for expedited examination, supplementing the USPTO’s other expedited examination programs, including those supporting COVID, cancer immunotherapy, and climate change mitigation. Read more here. | | | | | |
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| | | | New York Power Authority (NYPA) has approved economic development awards to 22 firms that will create over 8,000 jobs and $20 billon in capital investments. Governor Hochul said the awards will help secure the state’s legacy as the “most business-friendly and worker-friendly state in the nation”. Among the projects are a low-cost hydropower allocation to Amazon’s e-commerce storage and distribution center in Niagara, creating 1,000 permanent full-time jobs, as well as Micron’s memory and storage megafab in Onondaga County. Read more here. | | | | New York State has announced an investment of $2.5 million to support research into a new glass production and recycling at the New York State College of Ceramics at Alfred University. The college’s Center for Glass Innovation is working on projects to create materials from upcycled municipal waste glass for use in seawalls and as a powder-like material in cement and concrete. The additional funding aims to expand recycling markets and help municipal recycling programs find new ways to recycle and reuse glass. The state has committed over $20 million to advance more sustainable materials management practices, with funding already underway with several universities. Read more here. | | | | Schrödinger, a computational physics-based platform that is transforming therapeutics and materials discovery, is investing $7.6 million to expand its headquarters in New York City. The company will lease additional space at 1540 Broadway to support the development of new products for drug discovery and materials science applications, including aerospace, energy, semiconductors, and electronics displays. The expansion will create at least 80 new jobs and retain 310 full-time jobs as part of this expansion. This effort is supported by up to $1.4 million in performance-based Excelsior Jobs Program tax credits from Empire State Development. Read more here. | | | | | |
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| | | | GENIUS NY Accepting Applications The world’s largest business accelerator focused on unmanned aerial systems , GENIUS NY, is accepting a seventh round of applications for the year-long program. The in-residence accelerator will invest more than $3 million in five winning companies, including a $1 million grand price. Applications ae accepted through May 17, 2023. To learn more click here. | | | | | |
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