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European Commission looks to slash patent approval costs

By Dan Worth, 13 April 2011, V3.co.uk

The European Commission has put forward a series of measures designed to make it easier for EU businesses to attain patents for inventions by reducing the cost by up to 80 per cent.

The translation and administrative costs of submitting a patent can reach £28,000, of which £20,000 can arise from translation fees alone, when patent protection is sought in the EU, the Commission said.

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