BCS Encourages invention and scientific temper- In the modern era of technology, inventions are of great significance for a nation as they cause improvements over the older problems, bring ease and comfort for people, help businesses and the economy to prosper. Therefore, inventions and innovations must be encouraged and provided sufficient protection against copying or unauthorized use through patents.
BCS's Patent Publication:
- Ensures Legal Protection against any unauthorized use- Registration of an invention as a patent and subsequent publication of the same in the journal means that the fact that the patent has been registered comes to public knowledge. If any person makes any unauthorized use of such registered patent without the permission of the patentee, may invite a cause of action against himself.
- Eliminates Competitors in the market- Introduction of any new invention naturally gives the patentee an edge over its competitors and further helps the individual /business organization to eliminate or limit competition in the relevant market by gaining more market share.
- Higher Business opportunities & profitability- Having a novel inventive technology will naturally help a business to reduce costs and manufacture products faster with efficiency, which will naturally cause better profits and better funding and expansion opportunities from investors and stakeholders. Small scale businesses and start-ups may seek business funding and even overseas investments due to their patents.
- Revenue Generation prospects from distribution rights- A patentee of any novel technology has not only the benefit of getting higher business profits but also to earn extra income from selling distribution rights in the form of licenses and royalties through the transfer of patent rights.
- Comes with a long validity period- Though the waiting period for patent registration is generally longer, it comes with a longer validity of twenty years at once and could be further renewed by making an application to the Patent office in Chennai, Tamil Nadu.
Towards 21st century, we could see phenomenal growth in human development because of technology, updating everyday by inventions, ideas to enrich human life. Patent are framed to lock once own ideas not to be grabbed by others. BCS provide a wide range of patent services with grant in nominal duration. Some of the patents we work for,
- Indian Patent + Grant(utility patent+design patent)
- Malaysian Patent + Grant
- German patent + Grant
- US patent + Grant
- Australian patent + Grant