As many patent holders know, a new round of financing for the company may be needed if one decides to pursue patent protection in Europe. While there is a central European Patent Office (EPO) that can streamline the prosecution of a patent application in Europe, once the patent grants it must be validated and issued in each country within the European Union (EU) that is a party to the European Patent Convention (EPC). This validation and issuance often requires translations and processing, as well as additional attorney’s fees. All of this leads to a European patent costing 11 times its United States counterpart (this estimate was produced for validation in 13 countries) .
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