A new agency in the patent field, the “Patent Evaluation Agency,” will be formed under the direction of the Turkish Patent Institute (TPE) for assisting patent holders and potential inventors, reported the Anatolia news agency.

Referans - September 15, 2006 - This agency will strengthen innovation by helping companies that are constantly renewing and modifying products, services and production methods. The issuing of patents will become more efficient under the new system, TPE head Yusuf Balci said.

The agency will provide technical and financial assistance to inventors for innovation as well as for completing the patent process. 

“We want especially to strengthen the system for innovation and then incorporate this system into patenting. Patents will become more effective with this agency,” TPE head Yusuf Balci said. 

 Yusuf Balci noted that patent holders and industrialists will be brought together to meet with the help of the Patent Evaluation Agency as part of an exchange market. The agency will also carry regular studies on the structure of various industries. It will also guide new inventions to relevant industrial outlets. It will assist the patent holder in the licensing process also, he added.  

 “The Patent Evaluation Agency may also act as part of the legal system. Any reports, documents and evaluations issued by the new agency can be used in corporate balance sheets. They can also be used as a reference for raising bank loans,” Yunus Balci explained.   

 TPE, the Scientific and Technological Research Council of Turkey (TÜBITAK), universities, trade associations and Turkish Union of Chambers and Commodities Exchanges (TOBB) will be part of the new agency.