What is Meant by “Micro Entity”

For patents, the filing, issue, and maintenance fees are reduced by 50 percent or 75 percent, respectively is an applicant qualifies as a micro entity.

Micro entity status is based on the gross income limit of an inventor. Based on the current USPTO fees schedule, the “Maximum Qualifying Gross Income” for purposes of paying any eligible fee at the micro entity discount rate is currently $160,971.