Innovation Patent

An innovation patent is a type of intellectual property protection that covers new and inventive products or processes that provide a competitive edge, but may not meet the higher standards of novelty required for a standard patent. It is designed for innovations that are incremental rather than groundbreaking. An innovation patent generally lasts for a shorter period—typically 8 years—compared to a standard patent. This system encourages inventors to protect their innovations while promoting further development in their fields, ensuring that smaller or less-resourced inventors can still safeguard their ideas effectively.