India introduces cheaper & faster patent registration for startups

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Indian Government is making it easy to make patents in India.Indian Government is making it easy to make patents in India.Indian Government is making it easy to make patents in India.

NEW DELHI: Startups from the world over will now be able to register patents in India faster and at much lower costs under a 'tatkal (instant)' option offered under the latest amended patent rules. These benefits will also be available to entities that file their first application in India.

India has introduced expedited services for patent registration and also included the definition of 'startup' in the patent rules to pass on special benefits. The amended rules seek to cut the time period for grant of patents from five-seven years to two and a half years immediately and one and a half years by March 2018. "We want to encourage domestic filings," said Rajiv Aggarwal, joint secretary, Department of Industrial Policy & Promotion. The executive order notifying the amended patent rule

 

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