New Delhi: In yet another significant push towards Mission Aatmanirbhar Bharat, the Central government on Thursday announced the reduction of patent filing and processing fees charged on educational institutions by 80%. The provision has been introduced by amending the patent rules, as per press release.
This benefit was earlier available to all recognized educational institutions owned by the government.
Recognizing the importance of nurturing innovation and creativity in a knowledge economy, India is taking great strides in strengthening its intellectual property ecosystem in recent years. In order to create a conducive environment for innovation, the Department for Promotion of Industry and Internal Trade has been working towards promoting greater collaboration between industry and academia. This can be achieved by facilitating the commercialization of research undertaken in educational institutions.
The commerce and industry ministry said these institutions engage in many research activities, where professors/teachers and students generate several new technologies which need to be patented for facilitating commercialization of the same.
High patenting fees present a restrictive element for getting these technologies patented and thus work as a disincentive for the development of new technologies, it added.
The Ministry said that at the time of applying for patents, the innovators have to apply for 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 the 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, which came into effect on 21st September 2021.
Further, it said that moreover, Patents Rules have been amended in 2016, 2017, 2019, and 2020 to achieve the objective of removing procedural inconsistencies and unnecessary steps in the processing of applications thereby speedup grant/registration and final disposal.