Centre reduces patent fees for educational institutions by 80 pc

New Delhi: The Government on Thursday said it has notified the Patents (Amendment) Rules, 2021 to reduce fee for patent filing and prosecution to Educational institutions by 80 percent.

"In yet another significant push towards Mission Aatmanirbhar Bharat, benefits related to 80 percent reduced fee for patent filing and prosecution have been extended to Educational institutions as well. Centre has notified the amendments to the Patents Rules in this regard," the Commerce and Industry Ministry said in a statement on Thursday.

Also Read | Payment of Gratuity Amendment bill passed in RS

At the time of applying for patents, the innovators have to apply 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, the release said.

To encourage greater participation of the educational institutions, which plays a pivotal role in 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 September 21, the statement said.

Also Read | 'Bharat Bandh' witnesses good response in Rajasthan

The Ministry further said 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 commercialisation of research undertaken in educational institutions, the release added.(UNI) 

• #Amendment
• #Rules 2021
• #educational institutions
• #80 percent