Exploring the Role of Patents in the Biotech Industry

Biotechnology is the field that creates a revolution in the life of living organisms. Biotechnology plays an important role on this planet, from producing new plant varieties to inventing medicines to cure various diseases. Nowadays, many biotechnical institutes are working hard to produce new inventions that benefit plants, animals, and humankind. However, infringements may result in unauthorized usage and marketing of biotechnical products and inventions. To prevent such illegal usage, it is necessary to patent your biotechnical inventions. Let us learn more about the importance of patenting in biotechnology.

What is Patenting?

A Patent is a form of Intellectual Property protection that protects your invention from others for a specific period. If you obtain a patent for your creation from the USPTO (United States Patent and Trademark Office), no one can use, sell, or modify your creation without your permission. The validity or lifetime of a patent varies according to the patent type you choose for your invention. The different types of patents and their validity are listed below:

  1. Utility (Non-provisional) Patent: The most common type of patent that protects your inventions, such as the processes, compositions of matters, machines, any genetic modifications in the organisms, etc., The validity of a utility patent extends up to 20 years.
  2. Design Patent: A design patent protects anything created based on the outer appearance or design. A design patent lasts up to 14 to 15 years.
  3. Plant Patent: Plant patents protect the new plant varieties that are created by asexual means of reproduction. Plant patents also extend up to 20 years.

Benefits of Patenting in Biotechnology

Biotechnology has provided so many benefits in the lives of living beings. Every inventor should learn about the importance of patenting in biotechnology. Some of the notable benefits of patenting your biotechnological inventions are listed below:

  • Since your invention is patented under your name, your ownership is established over your product, and you can enjoy all the benefits and royalties from your invention.
  • As a patent owner, you can license and generate revenue from your invention.
  • Patenting helps your invention stand unique, and no one can create the same or similar product as it may lead to infringement. Anyone who infringes on your invention must pay you the royalties.
  • Since biotechnical inventions are valuable, patenting them will attract other trustable biotech companies to work together and create more inventions that assist the well-being of humankind.

To Sum Up

Biotechnical patents are complicated and time-consuming. Since they require more technical explanations, obtaining a patent in the biotechnology field may take more time than expected.

Contact us and get help with a Biotechnical Patent.

Brealant is an IP firm that helps you register a patent and assist you through every step. Our attorneys solve all your queries related to patent registration and make your registration successful by following the appropriate steps. Contact us today to register a patent for your valuable inventions and protect them from others.

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