Showing posts with label filing patents. Show all posts
Showing posts with label filing patents. Show all posts

Wednesday, March 28, 2018

Why an Indian hotel startup is taking the difficult route of filing patents; Quartz, March 28, 2018

Ananya Bhattacharya, Quartz; Why an Indian hotel startup is taking the difficult route of filing patents

"India and patents
High costs, lengthy processing periods, and a general lack of awareness are huge deterrents for startups eyeing patents in India. Gaps in the system, like a shortage of examiners, have caused hundreds of thousands of applications to pile up.
“Filing patents is common practice in other parts of the world but the importance of filing patents has only of late become apparent to startups in India,” said Anindya Ghose, the Heinz Riehl professor of business at New York University. Shorter processing times for intellectual property (IP) rights applications, an 80% rebate on patent fees for startups, and more transparency around the system are helping.
However, the country is still ranked an unimpressive 44th out of 50 in a score of IP robustness compiled by the US Chamber of Commerce (pdf) this year. “India’s score continues to suggest that additional, meaningful reforms are needed to complement the Policy,” the federal entity said."