What are the benefits of using the PCT for Nanotechnology inventions?
Simplified Process: The PCT consolidates the initial filing process, reducing the administrative burden on inventors and allowing them to file a single application for multiple countries. Extended Time Frame: The PCT provides inventors with up to 30 months (from the priority date) to decide which countries to pursue patent protection in, offering ample time to assess the commercial potential of their invention. Cost-Effective: By deferring the need to file separate national applications initially, the PCT allows inventors to save on translation and filing fees, which can be significant. Strategic Insights: The international search report and written opinion provide valuable insights into the novelty and inventive step of the invention, helping inventors make informed decisions about their patent strategy.
