intellectual property office

IPO cuts Waiting Time for UK Patent Clearance

Innovative businesses applying for international patents can have their UK protection fast-tracked following the launch of a new scheme by the Intellectual Property Office (IPO). The Patent Cooperation Treaty (UK) (PCT) fast-track scheme aims to reduce waiting times for UK patents that have already passed an international test from around 18 months to just two months. The PCT initiative will provide faster protection to UK and foreign firms planning to sell new products in Britain. This means firms could be able to bring their new products and processes to the domestic market more quickly than ever before. Launching the scheme this week, the UK’s intellectual property minister, Baroness Wilcox, said the new scheme would aid Britain’s emergence from recession. “Innovation ... »