The Patents (Amendment) Rules, 2017
Department of Industrial Policy and Promotion (DIPP) vide notification dated December 01, 2017 has further amended the Patents Rules, 2003. Vide this amendment, in Rule 2(fb), the definition of Startup is substituted as:
a. an entity in India recognised as a startup by the competent authority under Startup India initiative,
b. In case of a foreign entity, an entity fulfilling the criteria for turnover and period of incorporation/ registration as per Startup India Initiative and submitting declaration to that effect.