IP Fees Decrease!
In a surprise holiday gift for innovators, the United States has made major cuts to its intellectual property fees, reducing it’s take from small innovators, called “small entities” and “micro-entities.” This essentially means that individual inventors and most businesses with fewer than 500 employees will now be paying much less for patent applications in the United States in 2023!
For example, U.S. filing fees for new Patent Applications are now at a 60% discount for Small Entities and at an 80% discount for Micro Entities, in comparison to the undiscounted rates.
It is an excellent time to file a patent application on that genius idea or design, and protect your rights to your business income from innovation.