Patent Protection to Become Cheaper

Politics ♦ Published: June 20, 2011; 11:52 ♦ (Vindobona)

In Europe patent protection is currently ten times more expensive than in the US or Japan. Austria will participate in an EU-wide cooperation which will reduce the cost significantly.

Patent Protection to Become Cheaper / Picture: © Vindobona.org

The Austrian Council of Ministers will accept the proposal of Infrastructure Minister Doris Bures for increased cooperation in the EU-patent. The agreement will facilitate the swift and unbureaucratic recognition of patents in the participating countries.

“This will save a lot of time, effort and money of innovative Austrian companies”, stated Bures. In order to obtain patent…

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