Patent Fees For Educational Institutions Reduced by 80 Percent
- Patent Fees for Educational Institutions have been reduced by 80 percent.
- At the time of applying for patents, the innovators have to apply these patents in the name of the institutions which have to pay fees for large applicants, which are very high and thus work as a disincentive.
- In this regard and to encourage greater participation of the educations institutions, who play a pivotal role in country’s innovation, official fees payable by them in respect of various acts under the Patents Rules, 2003, have been reduced by way of the Patents (Amendment) Rules, 2021.
Patents (Amendment) Rules, 2021:
- Patent Fees for Educational Institutions Reduced:
- Educational institutions engage in many research activities, where professors and teachers and students generate several new technologies which need to be patented for facilitating commercialization of the same.
- At the time of applying for patents, the innovators have to apply these patents in the name of the institutions which have to pay fees for large applicants, which are very high and thus work as a disincentive.
- In this regard and to encourage greater participation of the educational institutions, official fees payable by them in respect of various acts under the Patents Rules, 2003, have been reduced by way of the Patents (Amendment) Rules, 2021.
- Benefits related to 80% reduced fee for patent filing & prosecution have been extended to all educational institutions.
- This benefit was earlier available to all recognised educational institutions owned by the government.
- Extension of Expedited Examination System:
- The fastest granted patent is the one which was granted in 41 days after filing of such request. This facility of Expedited Examination system was initially provided for patent applications filed by Startups.
It has been now extended to 8 more categories of Patent Applicants:
- SME (Small and Medium Enterprises), Female applicants, Government Departments, Institutions established by a Central, Provincial or State Act, Government * Company, an Institution wholly or substantially financed by the Government and applicants under Patents Prosecution Highway.
- The Patent Prosecution Highway (PPH) is a set of initiatives for providing accelerated patent prosecution procedures by sharing information between some patent offices.