Baroness Wilcox welcomes patent applications changes
Jan 1 2011 by Henryk Zientek, Huddersfield Daily Examiner
NEW arrangements for filing patents in Europe will cut costs for UK businesses, it is claimed.
From today, applicants will supply the European Patent Office with fewer documents than before – saving companies money on the fees they pay agents for making applications.
The changes mean companies can make one application for patent protection in up to 40 European countries rather than making separate applications in each country.
The patent backlog is estimated to cost business as much as £7.65bn a year. The new arrangements are set to benefit about 5,000 applications a year.
Government minister Baroness Wilcox said: “Reducing the burden of bureaucracy saves business time and money – essential in creating conditions for businesses to prosper.”