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.
Commerce and Industry Ministry said India is taking great strides in strengthening its intellectual property ecosystem in recent years.
At the time of applying for patents, the innovators have to apply 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.
In this regard and to encourage greater participation of the educations institutions, 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 on 21st of September.
In order to create a conducive environment for innovation, 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 commercialization of research undertaken in educational institutions.
These institutions engage in many research activities, where professors and teachers and students generate several new technologies which need to be patented for facilitating commercialization of the same. High patenting fees present a restrictive element for getting these technologies patented and thus work as a disincentive for development of new technologies.