Filings and grants reveal Mexico near top in world
The Mexican Institute of Industrial Property (IMPI) received 16,126 patent filings from January 2014 until December 19, 2014, a 4.4% increase over 2013. Also, 702 utility model and 4,075 industrial design applications were filed at IMPI during this period.
From January until November, 2014,IMPI granted 9,027 patents, and registered 165 utility models and 2,239 industrial designs.
According to the World Intellectual Property Office (WIPO), Mexico ranks 14th worldwide regarding the number of patent filings at IMPI and 10th regarding granted patents by IMPI.
The fact that IMPI is in 10th position concerning granted patents means that it is an efficient office with similar standards and practices to the best patent offices worldwide. The average overall prosecution time for patents filed at IMPI is four years.