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Insight are official media partners to the World Cities Summit July 2012.
Previously media partners to the AAL Conference Sept 2011.
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New EC patent protocol
The European Commission is proposing a new patent procedure to protect inventions in 25 EU countries. A bicycle with power-assisted steering or access to the internet through an electric socket - these innovations were made in the EU. Patent protected, they cannot be manufactured, used or marketed without the patent holder's permission.
Patenting is a complicated and lengthy process in Europe. Current applications must be granted by the European Patent Office (EPO) and patents then have to be validated by every EU country where the inventor wishes to have protection. Apart from the administrative formalities, this procedure involves considerable expenses for translation. To protect an invention throughout the EU, a company has to pay up to €32 000, compared to €1 850 on average in the US.
25 EU countries have decided it would be in Europe’s best interest to cheapen and simplify the process and are currently working to create a standard EU patent which is now at the stage of draft EU law.
Under the new system, a patent should cost €680, and by creating an environment more favourable to innovation - an essential requirement for sustainable economic growth - the system will encourage investors and researchers, and strengthen increase the degree of economic integration in Europe.
The new patent law would have the following effects:
• Once agreed, the standard patent would automatically be valid in the 25 EU countries, avoiding the need for red tape and expensive translations
• Patent applications could be made in any language. While they would always have to be available in one of the EPO's working languages (English, French or German), any translation costs to the patent holder would be reimbursed
• Until the system could offer automatic translation, temporary rules would apply regarding additional translations.
The draft EU laws have been submitted to the EU Council and European Parliament for comment - and the Commission hopes Spain and Italy will also decide to join the scheme.
Published: Tuesday, 26th April 2011 by Adelle Kehoe





