Duration of Patent Process Become an Investor Gap Constraint

INDUSTRY.co.id - Jakarta - startup companies start a technological innovation to ask the regulator to accelerate the issuance of patents on their products. Demand is the impact of the slow issuance of patents that reached 35 years and the cost of making a relatively high certificate that is more than about Rp30 million.

"It's a long time and that's not necessarily a matter of course, because there's a lot of money that we can use to recruit sales and sell our products," said eFishery CEO Gibran Huzaifah recently.

Gibran said his patent proposal was unclear for 36 months. It also affects the slowness of investment that will enter the pioneering company.

In line with Gibran, VP of Growth Amartha, Fadila Tourizqua felt the same. The patent on the effort that Amartha did has not come out after her proposal came 24 months ago.

The patent, he explained, is useful as a proof of validation to potential investors and OJK so they believe in the effort that Amartha did.

The Head of Certificate of Mutation and License Maintenance of the Ministry of Law and Human Rights (Kemenkumham), Erbita Dumada, said the issuance of patents is time consuming because Kemenkumham must ensure there is no double certification to the foreign patent organizations