80% Fee Reduction for All Educational Institutions Applying for Patents, says Minister – Education News
Commerce and Industry Minister Piyush Goyal on Tuesday announced to provide 80 per cent fee reduction to all recognized educational institutions applying for patents, whether in India or abroad.
He said the 80 per cent fee reduction was earlier available to all recognised educational institutions which are owned by the government. “I think it’s quite unfair that this is restricted only to innovation coming out of government institutions.
This 80 per cent fee reduction will now apply to all recognised educational institutions whether it is the government (owned), government-aided, or private institutions, irrespective of whether these institutions are situated in India or anywhere in the world,” he said.
He added that all recognised universities, schools, colleges and educational institutions applying for patents would now enjoy the benefit of an 80 per cent fee reduction. Now, this will mean the total fee for filing publication and renewal for an institute will reduce from about Rs 4,24,500 to Rs 85,000, which is a reduction of 80 per cent.
“I think this will be a great encouragement for universities and I do hope to see lots and lots of new universities and educational institutions participating in this. I am given to understand that this will now become the lowest fee among the top Patent Offices worldwide. I would encourage all universities both in India and abroad to take the benefit of this,” Goyal added.
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