Today is a game-changer for innovation in Europe.
With the launch of the Unitary Patent system, innovators will have a one-stop shop for the registration and enforcement of patents in Europe.
This means lower costs, less paperwork, and reduced red tape ↓
🐦🔗: https://n.respublicae.eu/EU_Commission/status/1664263483049820162
Without any added formalities, the Unitary Patent will be effective in 17 EU countries, 🇦🇹 🇧🇪 🇧🇬 🇩🇰 🇪🇪 🇫🇮 🇫🇷 🇩🇪 🇮🇹 🇱🇻 🇱🇹 🇱🇺 🇲🇹 🇳🇱 🇵🇹 🇸🇮 🇸🇪
In practice, this cuts the renewal fees over 10 years from around €29,000 to less than €5,000 ↓
🐦🔗: https://n.respublicae.eu/EU_Commission/status/1664263812034486272
Companies, chiefly small and medium enterprises, will benefit from uniform patent protection in EU countries representing 80% of our GDP – with others expected to join in the future.
We are fully committed to supporting innovation and protecting intellectual property in the EU.
🐦🔗: https://n.respublicae.eu/EU_Commission/status/1664265461591318528
The new system will strongly reduce the gap in patent protection costs between us and our major trade partners – including the USA and Japan.
While the new Unified Patent Court will further ensure companies have effective protection of their patent rights ↓
🐦🔗: https://n.respublicae.eu/EU_Commission/status/1664264241510252545