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Also, the matters contained in the following were written in accordance with the law, rules, and jurisprudence prevailing at the time of writing and posting, and do not include any future developments on the subject matter under discussion.
AT A GLANCE:
Memorandum Circular No. 2024-037 or the Green Technology Incentive Program established by the Intellectual Property Office of the Philippines aims to promote initiatives that will lead to the development of local green and sustainable technologies. These innovations are to target areas like renewable energy, sustainable transportation, and waste management, and would last from November 2024 to November 2025 or upon reaching their quota. Applicants are to meet specific sustainability criteria and IPC/Locarno classifications for them to be deemed eligible for registration and to receive the benefits provided under this program.
Memorandum Circular No. 2024-037 of the Intellectual Property Office of the Philippines aims to encourage and support local inventors and innovators. This aims to promote the development of green technologies and enhance their ecological and economic sustainability. The IPOPHL through the Bureau of Patents (BOP) seeks to provide local applicants with a pathway not only to protect their innovations but also contribute to the fight against climate change and other environmental related problems. The technologies mentioned in the memorandum covers patents, utility models, and industrial design applications. Said applications should fall under the following categories: alternative energy production, solar energy, sustainable transportation, energy conservation, waste management, sustainable agriculture and forestry, administrative, regulatory or design aspects, and nuclear power generation as elaborated in Annex A of the memorandum. This aims to support innovations that will help mitigate environmental impacts, conserve resources, and overall improve the quality of life.
The project will run from the 1st of November 2024 until the 1st of November 2025 or until they receive 30 inventions, 60 utility models, and 60 industrial designs successful applications. To apply for this program, applicants must file a Request for Expedited Application under Green Technology along with their registration request for patents, utility models, or industrial designs.
The IP system will oversee the program, monitor applications, and ensure that the set criteria are met. Should an application be deemed not qualified, it will then undergo through the standard examination process. Importantly, the objectives of this program aligns intellectual property practices with the sustainable development goals by promoting green technologies, encouraging innovation, and supporting economic growth while addressing environmental challenges.
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Alburo Alburo and Associates Law Offices specializes in business law and labor law consulting. For inquiries regarding legal services, you may reach us at info@alburolaw.com, or dial us at (02)7745-4391/ 0917-5772207/ 09778050020.
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