"You think, I sing; We shall be the King of IPs."
A patent is a form of intellectual property. It consists of a set of exclusive rights granted by a sovereign state for an invention, which is a product or a process that in general provides a new way of doing something. It may sometimes offer new technical solutions to a problem. Rights are granted to an inventor or their assignee/s for a limited period of time in exchange for the public disclosure of an invention.
The procedure for granting patents, the requirements placed on the patentee/ s, and the extent of the exclusive rights vary widely between countries according to national laws and international agreements. Typically, a patent application must include one or more claims defining the invention, which must meet the relevant patentability requirements such as novelty and non-obviousness. The exclusive right granted to a patentee in most countries is the right to prevent others from making, using, selling, or distributing the patented invention without permission.
A trademark (also known as trade mark or trade-mark) is a distinctive sign or indicator used by an individual, business organization, or other legal entity to distinguish its products or services from the others. It also tells the consumers that the product or service on or with which the trademark appears originate from a unique source designated for a specific market.
A trademark is typically a name, word, phrase, logo, symbol, design, image, or a combination of these elements. There is also a range of non-conventional trademarks, which do not fall under these standard categories, such as those based on color, smell, or sound.
The term trademark is also used informally to refer to any distinguishing attribute by which an individual is readily identified, such as the well-known characteristics of celebrities. When a trademark is used in relation to services rather than products, it may sometimes be referred to as a service mark.
Professional Indemnity Insurance (HI/03241/000/21/M)
Purpose of the Scheme -
The Patent Application Grant (PAG) is a funding scheme to assist local companies and individuals to apply for patents of their own inventions. The Grant is administered by the Innovation and Technology Commission (ITC) with Hong Kong Productivity Council (HKPC) as the implementation agent. The Grant aims to encourage local companies and inventors to capitalise their intellectual work through patent registration.
Funding Amount
For an approved application, a grant of not more than HK$250,000 or 90% of the total cost of the patent application whichever is the lower, will be provided.
Application Procedure
Applications will be processed through the Intellectual Property Services Centre of HKPC on a confidential basis. Applicants must provide the Centre with details of their idea or inventions. A patent search-cum-technical assessment will be required. Based on the result of the patent search-cum-technical assessment conducted by the Centre, the ITC will decide whether the applications should be approved. The ITC's decision will be final.
