By Moeller IP Advisors
The Potential for Green Technologies
Green is certainly an adjective that fits Brazil. Not only because of the abundance of its natural resources, but for several other reasons: Brazil is one of the world leaders in bioenergy – more than 85% of the domestically produced electricity used in Brazil comes from renewable energy sources.
Moreover, the country has been a pioneer in biofuel production from ethanol and is now one of the biggest producers. Not only has the biofuel sector allowed Brazilian companies like Cosan or GranBio to prosper but it has also seen US companies like Shell, Amyris, Solazyme and Cobalt enter the scene, with conspicuous investments in ethanol, biobutanol and biofene production plants.
It goes without saying that fields like alternative energy production or clean transport require a great effort in research and development and constant investments in innovation: patents are the only way to protect such efforts.
However, it is well known that the Brazilian patent system suffers from a chronic issue: the one of the backlog. Currently, the Brazilian PTO’s (Brazil Patent Office) average time for granting a patent is 10 years. This is extremely discouraging for foreign and local companies that …Read More