Commerce and industry Minister of India announced a reduction of 80% fee for educational institutions that are applying for patents
This was previously available for institutions owned by the government. From now on it will be available for all recognised educational institutions.
Minister at a CII webinar said that, fee reduction should not be restricted to government institutions only. Rather it should be available for the recognised private institutions too whether it is based in India or outside the country.
Along with recognised educational institutions, schools, colleges and universities too now can enjoy the 80% fee reduction. As a result of this, the renewal and filing publication cost will be reduced which will work as a great encouragement for the universities.