The U.S. Patent and Trademark Office (USPTO) has opened its new satellite location in Denver. The office is the second of four satellite offices announced by the USPTO. The other locations announced are Detroit, Dallas-Fort Worth, and San Jose, Calif. The offices are designed to foster American innovation in the global marketplace and help speed up the patent process. The USPTO had a backlog of 700,000 applications before the U.S. recession in 2008.
According to a report by leaders in the Colorado, Denver's satellite office will bring hundreds of jobs and economic activity worth about $440 million over its first five years of operation. In addition to hiring up to 120 patent examiners in metro Denver, the USPTO office will draw inventors, venture capitalists, entrepreneurs and IP attorneys to the region, and will further breed and expand Colorado's already strong high-tech and innovation economy. Nine patent trial and appeal board judges have been working in a temporary office in metro Denver since last year, and the USPTO has already started recruiting its first team of 50 examiners to work in the new 45,000-square-foot office.
“This was a game changing moment because Section 23 of the America Invents Act said that the patent office had to open up three or more satellite offices by the third anniversary of the legislation,” Posthumus told me in a recent interview.
The metro Denver region has one of the highest per capita rates of workers with science and technology degrees, has low living costs and offers a desirable location in which to recruit and retain the most talented workers so they can pursue a quality of life. In fact, just last year Forbes ranked metro Denver as a top-10 metro area for largest relocation of young workers aged 15-29. Home to four major public universities and 24 federal laboratories, 600 bioscience companies, a growing high-tech industry, and the third-largest aerospace economy, companies in Colorado are primed for innovation. In fact, between 2007 and 2010, more than 20,000 Colorado inventors filed patent applications in industries including sustainable energy research and development, Internet entrepreneurship, premier biosciences and aerospace technologies.