The National Institute of Standards and Technology (NIST) has announced a proposal to update regulations concerning inventions funded by federal grants, especially those created by nonprofit organizations and small businesses. These updates aim to simplify existing rules, correct outdated sections, and better define terms and processes. NIST seeks public feedback on these proposed changes by April 5, 2021, and plans to hold a public webinar to discuss these revisions further. These changes are intended to enhance the commercialization and application of federally funded innovations, in line with efforts to boost American innovation.
Simple Explanation
The government wants to make it easier for inventors who use government money to understand the rules about their inventions, and they're asking people to tell them what they think about the new ideas by April 5, 2021. They will also have a special online talk to explain these changes to everyone.