Patent Application Grant

Patent Application Grant (sourced from Innovation and Technology Commission of the government of HKSAR)

 

IMPORTANT NEWS:

The maximum funding support under the Patent Application Grant (the Grant) for each approved application has been increased from $150,000 to $250,000 with effect from 1 February 2015. The increased funding support will be applicable to all new applications approved after 1 February 2015 and approved cases which are still valid as at 1 February 2015.

 

a. What is the Patent Application Grant?

The Patent Application Grant (the Grant) 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 with Hong Kong Productivity Council (HKPC) as the implementation agent.

 

b. Who are eligible to apply?

All locally incorporated companies, Hong Kong permanent residents or Hong Kong residents permitted to remain in Hong Kong for not less than 7 years who have never owned any patents in any countries or territories before will be eligible.

For individual applicant, the applicant must be the sole inventor or one of the joint inventors of the invention.

For applicant company, the inventor(s) of the invention shall be a directly related party/parties to the applicant company, e.g. owner, shareholder, director, or staff.

 

c. What kind of applications will be supported?

All applications for functional patents and inventions with technology elements are eligible. Cosmetic designs will not be supported. The implementation agent of the scheme will first conduct a patent search-cum-technical assessment to ensure that there is a reasonable chance of obtaining patent.

 

d. What is the form of funding support?

For an approved application, a grant of not more than HK$150,000 or 90% of the sum of the total direct cost of the patent application (including the cost for patent search-cum-technical assessment) and the administration fee charged by HKPC which is approximately equal to 20% of the total direct cost involved in patent application, whichever is the lower, will be provided. Since the grant will also be used to cover the administration fee charged by HKPC, the maximum amount of grant which could be used for the patent-search-cum-technical assessment and other direct costs of patent application should be around $120,000, out of a maximum grant of HK$150,000.

Funds are only released to the implementation agent through which the patent application is processed. The grant is for covering the cost for patent search-cum-technical assessment and the administration fee mentioned above, as well as other direct costs involved in the patent application process. Examples are attorney fees, consultant fees and filing of patent applications. Other expenses, including any costs incurred before the date of approval of the application and the renewal fee of granted patents, are not fundable. The grant is non-transferrable and will be valid for 3 years from the date of approval of the application. The grant may not be sufficient to cover the patent application expenses, and individual applicant/applicant company has to bear the remaining balance.

 

In order to assist you to handle the matter of the Patent Application Grant, please contact us at 24743811 or via e-mail: lkkf@lkco.com.hk.

 

Remarks: In case of any inconsistency in relation to the Patent Application Grant between the information shown in this website and the published information of the HK government, please refer to the publication of the HK government.