It takes 2.5 years on average to have a patent registered in Hungary

Awards

It takes an average of two and a half years to have a patent registered in Hungary, but shorter time can be sufficient in the case of technologies that become outdated fast, the National Intellectual Property Office (SZTNH) said in a statement on Wednesday.

The office was commenting on a document prepared by the American Chamber of Commerce (AmCham) operating in Hungary (AmCham), which indicated a period of 6-8 years.

The office noted that there was a backlog of about 19,000 ongoing patent procedures at the time of Hungary's joining the European Patent Convention in 2003, of which now less than 20% remains.

Since then, the office has received an annual 700-900 patent applications through the national channel. Of these, the licensing procedure is still ongoing in about 2,000 cases.

ADVERTISEMENT

Reforms to raise productivity would strengthen recovery - OE... Analysis

Reforms to raise productivity would strengthen recovery - OE...

Meeting called to address Pegasus spyware lacks quorum  Parliament

Meeting called to address Pegasus spyware lacks quorum 

Skanska commercial dev unit names new EVP of operations Hung... Appointments

Skanska commercial dev unit names new EVP of operations Hung...

Zsa Zsa Gabor's ashes buried in Budapest City

Zsa Zsa Gabor's ashes buried in Budapest

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.