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 view source: https://www.trademarkmaldives.com/blog/indian-government-eases-rules-for-patent-filed-by-women-many-others/
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