Startup action plan: 120 ventures get patents, 1 granted in just 101 days - ET Retail
The department has taken several steps under the Startup India action plan, which was launched in 2016, to encourage budding entrepreneurs to file pat..
- According to the data, as on March 31 this year, 450 applications were filed since 2016 under the fast examination facility and 120 patents were granted and 42 were refused for certain reasons.
- Generally, it takes about 4-7 years for the grant of patents, but the department is taking steps to drastically reduce this time to 18 months.
- We do not have to go through the long process," Dave told PTI.