Global start-ups will now be able to register cheaper & faster patents in India
Advertisement
Advertisement
Start-ups from all over the world will now be able to register their patents in India at a faster rate and for much lower costs, thanks to a 'tatkal (instant)' option that the government is offering under its latest amended patent rules.
These benefits will also be available to entities who would be filing their first application in India.
As reported yesterday, India has changed the rules for patent registration, also including the definition of 'start-up' in the patent rules so that special benefits can be passed on to the start-ups. As per the amended rules, the time period for granting patents has been reduced from 5-7 years to 2.5 years immediately and would further be reduced to 1.5 years by March 2018.
"We want to encourage domestic filings," said Rajiv Aggarwal, joint secretary of DIPP.
Advertisement
For ‘tatkal’ scheme, start-ups will have to pay Rs 8,000 while for companies it is about Rs 60,000.
Not only this, amended rules also hint at refund of patent fees for the first time. When an application is withdrawn and there is no need for the request for examination, 90% of the amount would be reimbursed.
Image source
Advertisement
- I spent $2,000 for 7 nights in a 179-square-foot room on one of the world's largest cruise ships. Take a look inside my cabin.
- Colon cancer rates are rising in young people. If you have two symptoms you should get a colonoscopy, a GI oncologist says.
- Saudi Arabia wants China to help fund its struggling $500 billion Neom megaproject. Investors may not be too excited.
- Catan adds climate change to the latest edition of the world-famous board game
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- Tired of blatant misinformation in the media? This video game can help you and your family fight fake news!
- JNK India IPO allotment – How to check allotment, GMP, listing date and more
- Indian Army unveils selfie point at Hombotingla Pass ahead of 25th anniversary of Kargil Vijay Diwas
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market