Concessions drives major rise in Patent Filings by Startups & Educational Institutes
There’s been a critical pattern in patent filings by startups, private company elements, and educational organizations throughout recent years, to a great extent credited to the govt’s drives to advance development and licensed innovation freedoms — principally, expense concession.
When compared to the years prior to the concession, the percentage of patent filings from each of the three categories increased by a factor of three in 2023 and 2024. Startups and Micro, Small, and Medium-Sized Enterprises (MSMEs) receive 75 percent fee concessions at each stage of design application prosecution, while trade mark application filing receives 50 percent.
Patent applications from Indian educational institutions show the most striking growth. After the presentation of expense concessions in Sept 2021, filings soar from 7,405 out of 2021-22 to an amazing 23,306 of every 2023-24. Unfamiliar instructive foundations additionally showed expanded commitment, with applications ascending from 96 out of 2021-22 to 237 out of 2023-24.
According to the service, the National Intellectual Property Awareness Mission - NIPAM established in Dec 2021 to grant IP mindfulness and essential preparation in educational foundations the nation over has likewise had a huge effect. Patent filings by Indian start-ups have steadily increased, rising from 801 in 2018-19 to 2,546 in 2023-24. Unfamiliar startup applications have remained moderately steady, with 25 filings in both 2022-23 and 2023-24.
The ministry stated: “… the scheme for facilitating start-ups intellectual property protection (SIPP) supports startups in safeguarding their IP rights (patents, trade marks, and designs) by providing pro bono facilitation by appointed IP experts and facilitation fees of the IP experts to be borne by the government.” After the plan, there has been a huge expansion in IP applications by startups.”
There has been a significant rise in filings from 607 in 2018-19 to 3,421 in 2023-24 among Indian small entities. Unfamiliar little element applications changed, cresting at 429 out of 2022-23 preceding diminishing to 128 of every 2023-24. Separate information shows that the Indian patent office has conceded a remarkable 1 lakh licenses in the monetary year 2023-24.
Regarding to this, further the ministry stated, “To address liquidation of the backlog applications, technical manpower strength in the patent office has increased by promoting various officers to the post of controllers in the patent office and further young professionals and technical assistants were engaged on a contractual basis to support controller’s decision making”.
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