The world’s five largest Intellectual Property Offices (IP5) – the European Patent Office (EPO), the Japan Patent Office (JPO), the Korean Intellectual Property Office (KIPO), the State Intellectual Property Office of the People’s Republic of China (SIPO) and the United States Patent and Trademark Office (USPTO) – agreed to launch a comprehensive IP5 Patent Prosecution Highway (PPH) pilot program as of January 2014. The program will utilize both PCT and national work products and will improve the accelerated treatment of patent applications. The PPH arrangements currently operational between the IP5 Offices will be integrated in this all-inclusive scheme.
Meeting in Geneva, EPO President Benoît Battistelli, JPO Commissioner Hideo Hato, KIPO Commissioner Young-min Kim, SIPO Deputy Commissioner He Hua and the Deputy Under Secretary of Commerce and Deputy Director of the USPTO, Teresa Stanek Rea, endorsed a pilot programme which leverages fast track patent examination procedures already in place at the IP5 in order to enable obtaining patents faster and more efficiently. Under the programme, applicants whose patent claims have been found to be patentable by one office may ask for accelerated processing of their corresponding applications pending before the other IP5 offices. Moreover, in carrying out the task the offices concerned will also exploit already existing work results to the extent practicable. Requests to use the PPH can be filed with any of the IP5 Offices both on the basis of PCT as well as national work products established by the IP5.
Source: World Intellectual Property Organization (WIPO)
Despite difficult economic conditions, international patent filings under the WIPO-administered Patent Cooperation Treaty (PCT) set a new record in 2011 with 181,900 applications – a growth of 10.7% on 2010 and the fastest growth since 2005. China, Japan and the United States of America (US) accounted for 82% of the total growth. Chinese telecommunications company ZTE Corporation was the biggest filer of PCT applications in 2011. Among the top filing countries, PCT applications from China (+33.4%), Japan (+21%), Canada (+8.3%), the Republic of Korea (+8%) and the US (+8%) saw the fastest growth in 2011.
The World Intellectual Property organization (WIPO) suggests that intellectual property owners and rights holders can benefit from using these properties and rights as collateral to obtain credit. Doing so will make credit cheaper and more available to organizations. WIPO has issued a report explaining the process.