Indian Government Eases Rules for Patent Filed By Women & Many Others

 

Recently, the Indian government has simplified the rules set in the nation’s Patent Law for patents filed by women, government agencies, and small entities. It has also incentivized Indian companies to obtain Patent Protection abroad. DPIIT, the Department for promotion of Industry and Internal Trade, has announced the further rules amending the Patents Rules, 2003. Besides, it has also facilitated the testing of patents in cases wherein the applicant is a startup, small entity, or an organization, either founded under a Central, Provincial, or State Act or controlled, owned, or financed (wholly or substantially) by the government. An expert on Intellectual Property Rights said that they expedited the testing of patents to foster creativity amongst startups, women, and small companies, and to aid the Indian government for commercializing its patents by charging a royalty. The government has also fostered Indian companies for filing patents abroad. It has put an end to the charge needed to be paid for filing the electronic international application with the Patent Cooperation Treaty (PCT) and the transmission via the World Intellectual Property Organisation, abbreviated as WIPO and created to incentivize creativity and encourage the protection of Intellectual Property (IP) worldwide. Moreover, the department has drafted guidelines concerning the protection of IPRs in educational institutions like schools, universities, and colleges. These guidelines have revealed that an academic institution can enjoy the long-lasting patent rights if any of its student, staff member, or researcher has utilized its funds and resources for the development of a useful asset. In other words, if an institution associated with education works as per this condition, the patent rights will rest with it. It is predicted that this move of the government and relevant legal teams will prove to be beneficial for all, facing challenges in dealing with the rapidly increasing competition in the present competitive market. However, the recent amendments in Filing a Patent Application to get a patent in India and overseas demand investment of some time and efforts of Indians but it would serve them with more benefits and better opportunities. For more visit: https://www.trademarkmaldives.com

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