Welcome Guest

Businessex.Com
Home News Intellectual property conversion into assets critical for higher returns: CII conference

Intellectual property conversion into assets critical for higher returns: CII conference

Tags: intellectual property, cii, government, conference, sme, innovation, return, ipr, patent

July 22, 2013 | COMMENTS ( 0 )

Intellectual property conversion into assets critical for higher returns: CII conference

To boost innovation through planned growth of intellectual property rights (IPR) in India, the government and industry body CII has highlighted the importance of adequate monetization and commercialization of IP and the necessity of IP awareness.

 

Speaking at a CII conference on Intellectual Property Rights: Planning an IPR portfolio for growth and new Paradigms, Dr K S Kardam, Deputy Controller of Patents & Designs and Head, Patent Office, Ministry of Commerce and Industry, said, “India has developed a national framework for creation and protection of IPRs, which is continuously evolving and is already meeting global standards. The challenge before the county is to scale up the process of IP creation and capture value from the scientific and technological creations to catapult the country into the league of most innovative and developed nations.”

 

“India is way behind in IP applications globally. In 2010 490,226 patent applications were filed in USA, 391,177 in China, 344,598 in Japan, 170,101 in Korea, 150,961 in EPO, 59,254 in Germany and mere 39,400 in India along with 7589 design applications,” Kardam added. China recorded a 24 per cent growth in patent filing whereas India recorded about 12 per cent and secured 9th position ahead of Brazil & United Kingdom.

 

“It is important to create IPs based on the demand in the market so that they could be commercialized rather than just filing patents. There is a need to carry out research in the areas relating to environment protection, said Dr Rita Kumar, Chairman and Managing Director, National Research Development Corporation.

 

Man Mohan S Kohli, Chairman, CII Chandigarh Council and CEO, Hotel Aroma stated that leveraging Intellectual Property for knowledge based development and national wealth creation is immensely important in the current scenario. He added that if the innovations are not protected, the return on investment on Research & Development would not be as high as desired and that it is a fallacy that the protection can be filed only for big inventions.

 

“While Indian industry has been increasingly realizing the importance and benefits of IP creation and protection, the Indian Government has been doing its best in creating conducive environment by upgrading infrastructure and bringing in policy level initiatives in the country, which has resulted in sweeping changes in IP culture & administration in India,” Kohli said adding, “CII realizing the importance of IPR as the key differentiator for industrial competitiveness institutionalized a dedicated department manned by domain experts and professionals more than a decade back.”

Please add your comment

Rating
Not readable? Change text.
Enter the characters as seen on the image (case insensitive)
  Notify me of followup comments via e-mail   Subscribe for daily newsletter

Other NEWS

Delhi based startup i2e1 raises $5,00,000

Delhi based startup i2e1 raises $5,...

December 10, 2015

Delhi-based i2e1, a smart network player platform which aims to provide low-cost and free internet to consumers and actionable ana....

Cab aggregators collaborate with state governments to boost entrepreneurship

Cab aggregators collaborate with st...

November 06, 2015

Ola and Uber, cab aggregators have signed agreements with Rajasthan government for skill development and creation of entrepreneuri....

Phase II of startup incubator T-Hub to be operational soon

Phase II of startup incubator T-Hub...

November 04, 2015

Telangana government is planning to expand T-Hub, its ambitious incubator programme, in its second phase with about Rs 150 crore i....

Sabse Technologies receives investment from Ratan Tata

Sabse Technologies receives investm...

November 04, 2015

Global telecom carrier, Sabse Technologies Inc, started by Hotmail Founder Sabeer Bhatia today announced that Tata Sons' Chairman ....

Mobile startup BlackNGreen seeks international expansion

Mobile startup BlackNGreen seeks in...

November 02, 2015

Buoyed by a strong demand for value added services, mobile startup BlackNGreen is eyeing revenue of Rs 350 crore in the next one y....

Startups seek better future under Hay Group's programme

Startups seek better future under H...

October 30, 2015

Global management consultancy, Hay Group will help 100 selected entrepreneurs transform their startups into successful companies o....

Quintype raises USD 3.25 million for product enhancement

Quintype raises USD 3.25 million fo...

October 27, 2015

Quintype, a data-driven publishing company raised USD 3.25 million to enhance product and business development. ....

Hospitality aggregator startup Qik Stay raises $250K

Hospitality aggregator startup Qik ...

October 27, 2015

Delhi-based Qik Stay, a hotel branding and aggregator startup, has raised $250K in seed round of funding from venture capital firm....

Milk Mantra targets a turnover of Rs 150 crore this fiscal

Milk Mantra targets a turnover of R...

October 26, 2015

Odisha-based startup dairy firm, Milk Mantra is targeting a turnover of Rs 150 crore this fiscal.....

Vista Rooms creates app on Instagram, targets tier II & III cities

Vista Rooms creates app on Instagra...

October 23, 2015

Mumbai-based online budget accommodation aggregator, Vista Rooms has created an app-like experience on Instagram where travellers ....

Jiyo Natural receives funding from Indian Angel Network

Jiyo Natural receives funding from ...

October 23, 2015

Indian Angel Network (IAN) has invested an undisclosed amount in Bengaluru-based consumer health food startup, Jiyo Natural.....

​​Vodoo raises USD 1 million from SAIF Partners

​​Vodoo raises USD 1 mi...

October 15, 2015

Deals and price comparison application, Vodoo has raised USD 1 million (around Rs 65 lakh) from SAIF Partners in a seed funding ro....

IBM launches public data centre in Chennai, partners with Nasscom to boost start ups

IBM launches public data centre in ...

October 15, 2015

Technology giant, IBM today launched public data centre in Chennai to tap into growing demand from financial services and governme....

For Nasscom, PPP will boost startups in India

For Nasscom, PPP will boost startup...

October 14, 2015

In the wake of some reservations over the central government creating startup funds, Nasscom's "10,000 startups" Vice President, R....

WalmartLabs to seek partnership with Indian startups

WalmartLabs to seek partnership wit...

October 14, 2015

WalmartLabs, the digital arm of US-based retailing major Walmart Stores, is scouting for startups in India for partnership and wor....