Obama orders federal labs to help businesses create new products

(THE HILL)   President Obama ordered federal government laboratories to accelerate the process of turning scientific discoveries into commercial products.

The move is part of an effort to create jobs and strengthen competitiveness, according to the White House.

“One driver of successful innovation is technology transfer, in which the private sector adapts federal research for use in the marketplace,” Obama wrote in a memo to federal agencies.

He ordered agencies to streamline the process of partnering with private organizations for research. The White House claims the changes will result in the federal government approving grants to startups 50 percent faster.

The memo also encouraged agencies to share their expertise with businesses, local communities and universities.

The president ordered the agencies to develop a five-year plan with goals and ways to measure progress in their outreach to the private sector. The plan would keep track of how many patents each lab files.

“With too many families struggling and too many businesses fighting to keep their doors open, we can’t wait for Congress to take action,” Obama said, adding that the action would boost the economy and help businesses create new products.

3 Responses to Obama orders federal labs to help businesses create new products

  • I hate Obama with a passion I have never felt in my entire life.

  • Here we have Obama doing even more damage to the national economy. More meddling by government agencies into markets will only make things worse. He is providing even less incentive for people to start up new businesses in these areas because now they must not only compete against domestic competitors and international competitors, they must compete against government agencies funded by taxpayer dollars in cahoots with the crony corporations of the politically connected. I thought that George Bush was the worst president of all time, but Barak Obama is the most ignorant and corrupt president of my entire life. He makes Richard Nixon look like a saint.

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