The Patent Cooperation Treaty at 40
“At its core, the PCT addresses two very real needs and this is the key to its remarkable success. On the one hand, it offers applicants a practical tool to assist them in seeking patent protection in international markets. And on the other hand, for the patent offices of PCT member countries, it serves as an effective work-sharing platform and creates opportunities to generate efficiency gains in processing international patent applications. The partnership of national and regional patent offices of PCT member countries has also been central to the PCT’s success. Their engagement, insights and experiences, along with feedback from users, has enabled the system to evolve and respond to practical real-world needs. That, coupled with a dedicated international team of support staff, both at WIPO’s headquarters and within the patent offices of member countries, has made it possible for the PCT to become recognized as a reliable and high-quality service provider.” “The PCT has come a long way in the past four decades and has recorded many notable achievements. But there is still much to achieve to ensure it continues to support “innovation, investment and development,” as foreseen by its founders. That is why, together with its partners, the PCT is continuing to push ahead to improve its services, for the benefit of all stakeholders,” notes the article.
From brewing to biologics: Biocon’s Kiran Mazumdar-Shaw transforms global health
“IP plays a key role in bringing innovation successfully to market and in value creation. The PCT allows innovation-led businesses like Biocon to seek patent protection in more than 150 countries through a single international patent application. As such, it is a cost-effective option. And because the costs of filing national applications are deferred by 18 months it gives us additional time to formulate our patenting and commercialization strategies for target markets,” explains Ms. Mazumdar-Shaw, Chairperson and Managing Director of Biocon, India’s largest, fully-integrated, innovation-led biopharmaceutical company.
Nursery feeding made simply
“I knew I needed secure patent rights in multiple countries, not just the United Kingdom, so I opted to use the Patent Cooperation Treaty (PCT) to apply for patents in my target markets. This worked well and, in addition to selling products under my own brand, I also exploited the IP through licensing,” explains British inventor and entrepreneur Ms. Mandy Haberman.
Women and the international patent system: encouraging trends
“WIPO’s data on patents and gender reveal a very encouraging trend. Gender participation in the IP system is improving. Virtually all indicators related to gender balance in WIPO’s Patent Cooperation Treaty (PCT) or the patent system as a whole show some degree of progress in recent decades. This progress is observed in most countries, in all technical fields and in both academic institutions and companies, although at different rates,” states this article .Archives
Record Year for International Patent Applications in 2016; Strong Demand Also for Trademark and Industrial Design Protection
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