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White House Directs Federal Agencies to Speed Commercialization

November 3, 2011

White House Directs Federal Agencies To Speed Commercialization

Recently announced two directives to accelerate the commercialization of research and provide small businesses with streamlined access to federal resources. In his announcement, President Obama tied the directives to his administration's recent jobs push, and noted the need to bypass Congress in order to quickly implement the changes. The first memorandum instructs all federal agencies with research facilities to increase research and regional innovation partnerships with the private sector, and develop five-year plans to increase patenting. The second calls for the creation of a one-stop shop for small businesses that would give them access to the full range of federal business support services. For more Information