13 May '18, 10am

Fintech Patent Applications to be Fast-tracked in Singapore - Lexology

In line with Singapore’s vision to become a Smart Nation, the Intellectual Property Office of Singapore (IPOS) has launched a FinTech Fast Track (FTFT) initiative, effective from 26 April 2018 for a period of 12 months, in order to expedite the file-to-grant process for FinTech patent applications for as fast as 6 months. Normally, it will take an average of 42 months from filing before a patent application can be granted in Singapore. The FTFT initiative aims to promote the advancement of FinTech innovations and to encourage companies to market and commercialize their technologies in Singapore. There are no fees required to participate in this FTFT initiative but the following requirements have to be met: (i) the application is related to FinTech; (ii) the application is first filed in Singapore; (iii) the filing of Request for Grant of Patent (PF1) and Request for Search...

Full article: https://www.lexology.com/library/detail.aspx?g=bea5137d-0...

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