PATENT (AMENDMENT) RULES, 2016 AND BENEFITS FOR START-UPS

Introduction

A Patent Registration can help a Start-up to boost its market valuation and get a competitive advantage against established players in the market with the monopoly provided by patent registration. Many developments have recently taken place which has streamlined the Patents registration process for Start-Ups. The Patent (Amendment) Rules, 2016 has opened a floodgate of benefits for start-ups.

Patent (Amendment) Rules, 2016:

1. Rebate on Official Patent Filing fees:

The new Rules have introduced Start-ups as new entities different from individual, small and large entity. Patent fees have gone down with 80% rebate on official fees for patent registration, the application fee now being INR 1600.

2. Fast Tracking of Patent Application:

The new Rules have introduced Start-ups as new entities different from individual, small and large entity. Patent fees have gone down with 80% rebate on official fees for patent registration, the application fee now being INR 1600.

3. Fast Tracking of Patent Application:

The amended Rules have also allowed the fast-tracking of patent applications only for start-ups by filing a request for expedited examination for patent registration with a nominal fee of 8000 INR. Filing of a request for expedited examination reduces the time for issuance of the First

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