UK to fast-track international patent applications

A new fast-track procedure for approving international patent applications that will cut waiting times by more than a year has been launched.

Innovation is one of the main driving forces for Britain’s economic recovery. Delays in dealing with patent applications prevent firms from expanding and creating new jobs

The new fast-track procedure will make it quicker for business to turn innovation and ideas into products and jobs

The Intellectual Property Office (IPO) introduced the scheme to help tackle the worldwide backlog of patent applications, which costs the global economy an estimated £7.6 billion a year. The UK is among the first to introduce such a fast-track scheme.

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