25,000 jobs for IP professionals in next 2-3 years
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25,000 jobs for IP professionals in next 2-3 years

By SiliconIndia   |   Tuesday, 23 June 2009, 12:01 Hrs   |    8 Comments
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25,000 jobs for IP professionals in next 2-3 years
Bangalore: Rising awareness and growing competition will hike the Intellectual Property job opportunities in the country creating 25,000 jobs in the coming 2-3 years. Experts say, with the increased awareness about patents and trademarks due to increasing competition among companies and growing cases of infringement of IP rights, the Intellectual Property space in the country is increasing, PTI reports.

"We expect that over 25,000 jobs for Intellectual Property professionals will be created in the next 2-3 years. As there is an increase in the need for IP professionals in law firms, knowledge and legal process outsourcing companies and other corporate houses," said, Atulya Nath, CEO, Global Institute of Intellectual Property.

The lack of awareness of IP as a career option will gradually decrease with the need of professionals in the industry increasing and it will be seen as a lucrative career option, experts define. At present, there is shortage of IP professionals in the country as compared to the world over.

"Enforcement of IP issues is an area which would generate so many jobs in the coming days, as we all are witnessing an increase in the number of cases related with the infringement of intellectual property rights," said Rodney D Ryder, IP Expert, Kochhar & Co.

Over the last decade, IP laws in the country have been in a transition, as the country follows with its obligations under Trade Related aspects of Intellectual Property (TRIPs). The IP industry includes patents, trademarks, design, geographical indications and copyrights.

"The role of IP professionals would further increase in the coming days as the issues related with patent, trademarks, design and copyrights are becoming more vital," Ryder added.

The industry is growing at an unseen pace; experts believe it will grow much faster.

"We estimate around 4,000 people are working in different areas of IP and should double in the next 2-3 years. IP, particularly trademarks and patents are considered vital in growth strategy of businesses and this can be seen from the increase in the number of patent and trademark filings in the recent years and the increase in litigation related to IP matters," said Bhaskar Bagchi, India Head, CPA Global.

In sectors like pharmaceutical and IT where there are large, diverse and complex trademark and patent portfolios, the need for IP professionals is greater, experts said.

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Reader's comments(8)
1: Can have more detail .By word I P sounds good for future career .

Regards,9818238866
Posted by:RAJESH KUMAR - 24 Jun, 2009
2:
Dear sir,
* I have search networking job .
* I am now working in Laptop company.
* can i have more detail
D.Pandiyan Replied to: RAJESH KUMAR - 17 Aug, 2009
3: Need to have more awareness for the IP jobs. Though the pace is not brilliant, but it can be pursued as a career option now itself
Posted by:Surendra - 23 Jun, 2009
4:
IP related jobs are growing, but sometimes law firms & companies waste a lot of money in searching the right candidate. There are also a lot of candidates who are still unemployed even having to 6 years experience in the IP/Patent field, so wouldn't it be good for this firms to take a look at these candidates rather than wasting there time ?
Rasmita Replied to: Surendra - 23 Jun, 2009
5:
@Rasmita

Why firms are investing so much in searching for a right candidate cause...IP is a very sensitive and precise field.... just like buying a water purifier for your family. If u have to buy a water purifier...what will you do?

definetly... will search for alot of companies product, ask to your frns and relatives, take reviews, consider pricing in ur budget etc etc......(see a lot of effort)

consider same for an IP firm :-)

I hope this clarifies your doubt

From - An analyst in a IP firm (who is looking for a good water purifier for last 4 days :-)
Tarun Replied to: Rasmita - 24 Jun, 2009
6:
@ Rasmita
If you are aware of the things which are at stake (and I assume you must be),you'd appreciate that law firms and other companies are not just wasting their time looking at the right candidates. IP requires very sophisticated skill-sets, I know examples where a comma here and there has decided cases, and add to it the technical know-how, so primarily, the expectation is doubled (technical+legal). and when you talk of n number of years of experience, what really counts is the kind of skill sets one would bring to the table.if one possesses all these qualities and still is un-employed, there's some serious fault in the way the candidate has been approaching companies. I am associated with an IP law firm and can tell you with confidence that we are always on a look-out for a good candidate - a candidate who meet the above said requirements.
Abhishek Sahay Replied to: Rasmita - 23 Jun, 2009
7:
ok
i need this job.
jigargamit Replied to: Abhishek Sahay - 24 Jun, 2009
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