when patent approved?

The concept of patenting inventions dates back several centuries, but the first modern patent law is often considered to be the Venetian Statute of 1474, which provided exclusive rights to inventors for a limited period of time. However, the first national patent law was enacted in England in 1624, known as the Statute of Monopolies. This law granted exclusive rights to inventors for 14 years, and laid the foundation for modern patent systems.

Since then, many other countries have established their own patent laws and systems, and today patents are a vital part of the global intellectual property landscape. Patents are used to protect a wide range of inventions, from new chemical compounds and medical devices to software algorithms and mechanical inventions, and play a critical role in promoting innovation and encouraging inventors to bring new products and technologies to market.

The concept of patents can be traced back to ancient Greece, where inventors were granted exclusive rights to their inventions for a limited time. However, the modern system of patent law as we know it today began to develop in the late Middle Ages and Renaissance in Europe.

The first known patent statute was issued by the Venetian Republic in 1474, which granted a monopoly to an inventor for a period of 10 years. England followed suit in 1624 with the Statute of Monopolies, which granted inventors a 14-year term of protection. The United States established its own patent system with the Patent Act of 1790, which granted inventors the right to a 14-year term of protection.

Since then, the concept of patents has been adopted by many countries around the world, with varying terms of protection and legal requirements. Today, patents are an important part of the legal framework for protecting intellectual property and promoting innovation.