The economic importance of patents is wideranging and derives from the fact that patentees can exploit their inventions for up to 20 years to the exclusion of all competition. To assist Irish inventors, Forbairt provides advice on the protection, technical development and commercialisation of inventions under its inventions assistance scheme. In certain cases Forbairt gives financial assistance with patenting expenses and assists in finding suitable manufacturers. In giving such assistance Forbairt must satisfy itself that the invention is capable of patent protection, is technically feasible and that there are plans for its commercial exploitation. Such support to the inventor is conditional on Forbairt sharing in the patent royalty income resulting from the successful exploitation of the invention.
Forbairt, in considering the degree of State support to give towards the gaining of a patent, must evaluate the inventiveness and technical and commercial merit of the proposal. Any information submitted to Forbairt towards this process is confidential and used only for the evaluation of the project. Such information is not in the public domain and does not affect the patent application procedure under the Patents Act, 1992.
As Minister with responsibility for the intellectual property area, I am fully aware that inventions should not be in the public domain before application is made to the Patents Office. I can assure the Deputy that Forbairt is likewise fully conscious of its responsibilities in this area and all Forbairt staff are bound by the confidentiality provisions of the Industrial Development Acts. Disclosure of an invention to Forbairt does not affect the novelty of the invention or prejudice the inventor's right to file a patent application subsequently.